Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Lululemon (LULU) shares are diving as its China business is showing signs of strain, with revenue in mainland China falling 2% in the second quarter after adjusting for currency fluctuations.
- Adobe (ADBE) is lower after it named Anil Chakravarthy as its next chief executive officer, with Chakravarthy moving into the post on Dec. 1. The selection of Chakravarthy comes as Adobe faces increasing questions about whether it will be toppled from its post in the age of AI, with generative AI making it easier to produce visual media without Adobe’s expensive products.
- Samsara (IOT) is climbing as it boosted its total revenue guidance for the full year; the guidance beat the average analyst estimate.