Weekly Roundup: Nike Slides, Echostar Soars, Lumentum Jumps
On this episode of Stock Movers: - Nike (NKE) shares slid as much as 14%, to the lowest level since Feb. 2015, after the sportswear company forecast a revenue drop of as much as 4% for the fourth quarter, and warned sales declines could persist for the rest of this calendar year. - Echostar (SATS) shares rose as much as 7.7% as SpaceX is said to target $2 trillion IPO valuation. - Lumentum Holdings (LITE) jumps 8.8%. Lumentum, fresh off a blockbuster first quarter during which the stock rose 84% and the company claimed a spot in the S&P 500, was up more than 11.7% at its intraday high…
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