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Marvell Rallies, Gap Drops, Blue Owl Falls on News it Has £36 Million Exposure to a Collapsed UK Lender
Published 1 week, 2 days ago
Description
On this episode of Stock Movers:
- Marvell (MRVL) shares are up after the chipmaker said its year-over-year revenue growth rate will accelerate each quarter throughout fiscal 2027, a bullish target that shows soaring demand from data center-related applications.
- Gap (GAP) shares drop after the company reported fourth-quarter sales and profit that came in slightly below expectations, as two of its apparel chains underperformed.
- Blue Owl (OWL) shares fall after news that it has a £36 million exposure to Century Capital Partners Ltd., a London-based property lender that filed for administration last month.
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