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Lululemon Stock Eyes Worst Day Since 2020 After Earnings
Schaeffers Investment Research· 2025-06-06 14:54
Lululemon Athletica Inc (NASDAQ:LULU) stock is down 19.7% to trade at $265.71, after the athleisure company's fiscal second-quarter and full-year guidance missed expectations, with tariff pressures the culprit. At least 12 brokerages cut their price targets as a result, the steepest coming from BMO to $250 from $302. The shares are on track for their worst day since March 2020 and earlier gapped to their lowest level since April. The security also broke below a recent floor at the $310 level and lost suppor ...
Super Micro Computer Stock Sinks on Slashed Q3 Outlook
Schaeffers Investment Research· 2025-04-30 14:59
Super Micro Computer Inc (NASDAQ:SMCI) stock is 16.4% lower to trade at $30.11 at last check, after the company lowered fiscal third-quarter profit and revenue guidance well below analysts' expectations. The software concern noted customers postponed orders for its servers and computing products, delaying up to $1.4 billion in sales. In response, thee firms slashed their price objectives, including J.P. Morgan Securities to $36 from $39. More downward price revisions could be in store, too, as SMCI's 12-mon ...