On this episode of Stock Movers:
- Nike (NKE) shares slid as much as 14%, to the lowest level since Feb. 2015, after the sportswear company forecast a revenue drop of as much as 4% for the fourth quarter, and warned sales declines could persist for the rest of this calendar year.
- Echostar (SATS) shares rose as much as 7.7% as SpaceX is said to target $2 trillion IPO valuation.
- Lumentum Holdings (LITE) jumps 8.8%. Lumentum, fresh off a blockbuster first quarter during which the stock rose 84% and the company claimed a spot in the S&P 500, was up more than 11.7% at its intraday high. Lumentum has benefitted from an acceleration of hyperscaler capital spending

Weekly Roundup: Cisco Soared, Ford Jumped, Intel Sunk
03:33

Closing Bell: Dexcom Rises, Papa John's Gains, Ford's Big Rally Halts
05:48

Boeing Drops, Microsoft Gains, Dexcom Climbs
04:02