Robinhood Declines, Nike Slips Despite CEO's Optimism, Lululemon Falls
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Robinhood (HOOD) shares fell as much as 13% Wednesday, the most since April, after the fintech company reported net revenue for the fourth quarter that missed the average analyst estimate as crypto volumes declined. Analysts at Piper Sandler and JPMorgan cut their price targets on the stock after the earnings results. - Nike (NKE) expects its wholesale business to pick up steam across the world as it accelerates the launch of new footwear and apparel products and doubles down on its commitment to…
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