Nike sprints to new high; Micron hits new low; Lululemon hit with a recall
Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Nike (NKE) is putting its best foot forward, shares are higher in early trading, hitting a fresh 52-week high after the sportswear giant's earnings and revenue sprinted past analysts' estimates in its fiscal fourth quarter. Sales rose nearly 5% percent from a year earlier as the company benefited from new product releases. Nike also said it expects future revenue growth from its exclusive NBA partnership and its 2015 FIFA Women's World Cup sponsorship.
Micron Technology (MU) shares are falling to a 52-week low this morning. The memory chip maker issued a weaker-than-expected outlook for is current quarter after it reported an earnings and revenue missed estimates in its latest quarter. The company said sluggish demand for PCs contributed to the 39% decline in profits.
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Lululemon (LULU) shares are on the move in early trading. The yogawear retailer just announced it is recalling hundreds of thousands of hard-tipped elastic drawstrings from its women's tops. This comes after at least seven people reported injuries from the cord snapping back and hitting their face and eyes.
Humana (HUM) shares are adding to yesterday's more than 7% jump after Bloomberg reported that Aetna (AET) is close to a deal to buy the health insurance provider.