Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg data.
Speaker 3: Take a look at some of the stocks on the
Speaker 3: move today. We can do that with Bloomberg's avalon pro
Speaker 3: now Avlon. What are you looking at today?
Speaker 4: Lululemon. That's ticker Lulu falling now about eleven percent for
Speaker 4: its biggest one day drop at least inter day since September.
Speaker 4: That's up to at least sure Brand said that Heidi O'Neil,
Speaker 4: a former Nike executive, will be coming on to start
Speaker 4: as their CEO beginning in September, Piper Sandler writing that
Speaker 4: her appointment will be a surprise to a lot of
Speaker 4: investors who will likely remember her playing a key role
Speaker 4: under Nike's former CEO, which, for those who don't remember,
Speaker 4: that was a period where Nike kind of pushed toward
Speaker 4: direct consumer and struggled to innovate. So Lulu has definitely
Speaker 4: had a tough year, already down more than thirty percent
Speaker 4: this year.
Speaker 1: Yeah, and with today's decline, that is the lowest stock
Speaker 1: price since March of twenty twenty.
Speaker 4: We know what happened in marsh of twenty twenty. All right,
Speaker 4: next up, yeah, next up, we have service. Now, that's
Speaker 4: tickert now very easy to remember, tumbling about sixteen percent
Speaker 4: for its most inter day since twenty twenty. That's after
Speaker 4: the software company cut its full year forecast for subscription
Speaker 4: adjusted gross margin and said that some deals may actually
Speaker 4: be delayed because of the war in the Middle East.
Speaker 4: That is on top of a very tough year and
Speaker 4: tough landscape for software companies as investors continue to question
Speaker 4: the potential for AI disruption.
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