WEBVTT - Lululemon Sinks, ServieNow Plunges on Reporting Sales Slowed by Mideast War

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg data.

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<v Speaker 3>Take a look at some of the stocks on the

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<v Speaker 3>move today. We can do that with Bloomberg's avalon pro

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<v Speaker 3>now Avlon. What are you looking at today?

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<v Speaker 4>Lululemon. That's ticker Lulu falling now about eleven percent for

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<v Speaker 4>its biggest one day drop at least inter day since September.

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<v Speaker 4>That's up to at least sure Brand said that Heidi O'Neil,

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<v Speaker 4>a former Nike executive, will be coming on to start

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<v Speaker 4>as their CEO beginning in September, Piper Sandler writing that

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<v Speaker 4>her appointment will be a surprise to a lot of

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<v Speaker 4>investors who will likely remember her playing a key role

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<v Speaker 4>under Nike's former CEO, which, for those who don't remember,

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<v Speaker 4>that was a period where Nike kind of pushed toward

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<v Speaker 4>direct consumer and struggled to innovate. So Lulu has definitely

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<v Speaker 4>had a tough year, already down more than thirty percent

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<v Speaker 4>this year.

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<v Speaker 1>Yeah, and with today's decline, that is the lowest stock

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<v Speaker 1>price since March of twenty twenty.

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<v Speaker 4>We know what happened in marsh of twenty twenty. All right,

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<v Speaker 4>next up, yeah, next up, we have service. Now, that's

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<v Speaker 4>tickert now very easy to remember, tumbling about sixteen percent

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<v Speaker 4>for its most inter day since twenty twenty. That's after

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<v Speaker 4>the software company cut its full year forecast for subscription

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<v Speaker 4>adjusted gross margin and said that some deals may actually

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<v Speaker 4>be delayed because of the war in the Middle East.

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<v Speaker 4>That is on top of a very tough year and

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<v Speaker 4>tough landscape for software companies as investors continue to question

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<v Speaker 4>the potential for AI disruption.

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