Adobe Stock Stumbles, RH Surges: A Deep Dive into Early Movers
Friday, 13 September 2024, 03:51
Adobe Stock Stumbles
Adobe stock is stumbling 8% after the software company forecast lower-than-expected revenue for the current quarter. This unexpected setback raises concerns about the company's growth trajectory.
RH Surges
In contrast, shares of RH are surging 20% after the retailer reported a healthy demand for its furniture and home furnishings, alongside a quarterly earnings beat.
Market Movers Overview
- Boeing: Shares decline about 4% after union members vote to strike over a rejected contract.
- Oracle: Shares rise 6%, bolstered by a positive long-term growth outlook.
- Moderna: Following a 12.4% retreat, shares drop another 4% after downgrades from analysts.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.