Spot, Space, Lulu, and other items

Check out the latest market movements as several companies have been making headlines in midday trading. Lululemon saw a 2% decline following a downgrade by Wells Fargo to equal weight from overweight. The firm cited the completion of Lululemon’s prior positive catalysts and predicted more muted growth in 2024. On the other hand, shares of…

Read More

Company plans to lay off 5% of employees

Twilio Inc. CEO Jeff Lawson announced that the software provider would be laying off approximately 5% of its workforce due to underachievement in the growth of a targeted unit by activist investors. The news caused the company’s shares to fall by about 0.5%. The company expects restructuring charges ranging from $25 to $35 million. The…

Read More