Movers & Shakers: Peloton stock climbs on Lululemon deal, Workday shares slide on targets, and more stocks on the move

by | Sep 28, 2023 | Stock Market

Here are the day’s biggest movers: Stock gainers: Peloton Interactive’s
stock jumped 14% after the connected-exercise-bike maker and yoga-wear giant Lululemon Athletica
announced a five-year partnership.

Stock decliners: Micron Technology Inc. shares
fell 5% after the memory-chip maker said another quarter of negative margins are in store and CEO forecasts “several hundreds of millions of dollars” in 2024 data center sales from AI boom. Shares of H.B. Fuller Co. 
fell 2% after the adhesives maker said “generally slower industrial demand” weighed on its third-quarter results and full-year forecast. Workday shares
fell 9% as the company lowered its long-term ambitions, now seeing 17% to 19% target annual subscription revenue growth through fiscal 2027, down from 20%-plus previously, and its operating cash flow margin target to 30% from 35%.

Article Attribution | Read More at Article Source

Share This