Midday Movers: Lululemon Athletica, Broadcom, Costco and more
COST
+0.33%
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BBWI
+0.38%
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AVGO
+2.57%
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LULU
-12.85%
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DOCU
+12.37%
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By Liz Moyer
Investing.com — Stocks were mixed on Friday after stronger-than-expected data on producer prices fanned the flames of recession fears. Here are the midday movers for Dec. 9.
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Lululemon Athletica Inc (NASDAQ:LULU) stock fell 12% after beating expectations for the most recent quarter. The athleisure apparel maker forecast fourth-quarter EPS of $4.20 to $4.30 a share, slightly below the $4.30 forecast by analysts.
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Broadcom Inc (NASDAQ:AVGO) stock rose 3.4% after the chip maker gave an optimistic forecast for revenue and boosted its dividend. After beating expectations for the most recent quarter, it said it would resume stock buybacks.
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Costco Wholesale Corp (NASDAQ:COST) stock rose 1.5% after the warehouse retailer reported adjusted earnings that fell below expectations on an 8% gain in revenue. Same-store sales gained 6.6%, which was better than November.
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Bath & Body Works Inc. (NYSE:BBWI) stock rose 1.4% after Dan Loeb’s Third Point reported a 6% stake and said it might push for governance changes, including changes to board composition and other issues before the next shareholder meeting.
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DocuSign Inc (NASDAQ:DOCU) shares rose 16.3% after the e-signature platform beat expectations and said books and subscription renewals were stronger than expected.
