Lululemon Plunges, Nippon Steel Slumps, US Steel Gains
On this episode of Stock Movers:
- Lululemon Athletica Inc. shares dropped after the yogawear brand delivered a disappointing outlook for the year and voiced concerns about consumer spending in the US.
- Nippon Steel Corp. shares slumped on a report that the company is considering investing as much as $7 billion to upgrade United States Steel Corp. facilities if it wins approval for its proposed $14.1 billion takeover.
-Argan Inc. shares climb 13% postmarket after the builder of power plants posted 4Q revenue that climbed 41% from the year-ago period.
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