Top Midday Decliners

MT Newswires Live
06-07

Lululemon Athletica (LULU) shares plunged 20% amid heavy intraday trading after the company issued overnight Q2 and full-year earnings per share guidance below analyst expectations.

More than 12.8 million shares traded intraday compared with a daily average of about 2.47 million.

Petco Health & Wellness (WOOF) reported fiscal Q1 net loss and sales late Thursday that missed market expectations.

Shares slumped 25% as intraday trading volume rose to over 18.4 million from a daily average of about 4.45 million.

Oblong (OBLG) said Friday it signed an agreement to raise about $7.5 million from a sale of about 1.99 million shares at $3.77 apiece in a private placement.

Shares retreated 14%, with trading volume jumping to more than 1.7 million from a daily average of roughly 384,000.

Price: 266.53, Change: -64.26, Percent Change: -19.43

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