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