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On Holdings Tumbles, Hims & Hers Drops, Venture Global Falls
Description
On this episode of Stock Movers:
- On Holdings (ONON) shares tumbled as much as 18% after the Swiss sneaker maker’s efforts to protect margin by maintaining full-price selling in a highly promotional environment hurt sales performance in the quarter. Management cut its annual topline outlook.
- Hims & Hers (HIMS) shares fall ahead of earnings. Hims & Hers Health Inc. plans to sell peptides, including sermorelin and glutathione, before the end of the year. The company is also awaiting a decision from the US Food and Drug Administration on whether to loosen restrictions on seven different compounds.
- Venture Global (VG) shares fell as much as 9.4% after the liquefied natural gas company reported second-quarter adjusted Ebitda that missed the average analyst estimate. Analyst Elvira Scotto notes that 2Q Ebitda missed on unsold cargoes.
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