Nike Drops on High Inventories – Low Margins
Nike NKE drops over 10% in premarket trading after the company reported the first fiscal quarter that disappointed investors due to rising inventories and low margins
Apple Down 4.8% VP of Procurement Leaves The Company
Apple stock was under pressure for the second consecutive trading session as the sell-off in stocks accelerated across the board. S&P 500 is 2.16% lower at 3,639, Nasdaq is 2.84%
DocuSign (DOCU) plans to lay off 9% of its workforce
DocuSign announced today a restructuring plan which includes the layoff of 9% of its total workforce. The restructuring plan target is to improve the profitability, growth and operating margin.
Netflix NFLX Stock Price Target
Here are some of the top broker’s price targets for Netflix (NFLX) shares and the dates of the target price released. The highest target for Netflix shares is $325 while the lowest target price is at $170.
Eisai and Biogen Present Alzheimer’s Drug Success BIIB and ESALY Rally
Eisai (ESALY) and Biogen Inc. (BIIB) announced that their experimental Alzheimer’s drug slowed the progression of the disease in the latest Phase 3 trial of 1795 patients.
Here is Why Las Vegas Sands Jumps Today
Las Vegas Sands Corporation (LVS) is trading 12.35% higher at $39.85 after Macao announced its plan to allow tour groups from mainland China starting in November after three years of restriction.
FedEx (FDX) Down 3.68% in Premarket Trading
FedEx stock is down 3.68% at 148.86 after the company announced yesterday the plans for 4 billion cost-cutting and an increase of 6.9% in shipping rates.
DocuSign Appoints Allan Thygesen as its next CEO
DocuSign (DOCU) announced it has hired a Google (GOOGL) executive, Allan Thygesen, to be its next CEO. Allan Thygesen will replace Dan Springer.
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