Episode Details
Back to Episodes
CoreWeave Gains, Lennar Drops, Adobe Falls After CFO Departs
Description
On this episode of Stock Movers:
-CoreWeave (CRWV) shares gain after Nasdaq said they’re among five companies that will join the Nasdaq 100 Index, effective prior to market open on June 22nd.
-Lennar (LEN) shares drop after the homebuilder forecast deliveries for the third quarter; the guidance missed the average analyst estimate. Analysts note a challenging backdrop of high mortgage rates and geopolitical uncertainty.
-Adobe (ADBE) shares fall. The company said its chief financial officer would depart, leaving a leadership vacuum following the CEO's announced resignation. Chief Financial Officer Dan Durn is exiting his post to join Marvell Technology Inc., and Steve Day will serve as interim CFO until a successor is hired.
See omnystudio.com/listener for privacy information.