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Adobe Falls After CEO’s Exit; Ulta Sinks; Once Upon a Farm Tumbles
Published 2 days, 12 hours ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Adobe (ADBE) shares fall after the maker of software for creative professionals announced that Shantanu Narayen will step down as CEO.
- Ulta Beauty (ULTA) fell in early trading after the cosmetics retailer offered guidance for the current year that was toward the low end of Wall Street’s expectations.
- Once Upon a Farm (OFRM) shares tumble after Jennifer Garner’s snack company forecast slowing sales growth for the year in its first earnings update as a public company. While analysts are largely positive about the results, they note that investors might be underwhelmed by the firm’s gross margin.
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