Snap reduces activity

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Source: Dukascopy Bank SA


Snap has revealed that it would cancel various projects and reduce up to 20% of its staff in an effort to cut costs. The markets reacted to the news, as the stock price of the company surged nearly 14.00%, prior to retracing and giving up half of the gains.
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Fri, 02 Sep 2022 13:46:18 GMT

Lululemon Athletica stock jumps 11.50%

Lululemon stock price surged at the start of the day's trading by 11.50% or $33.84. The reason for the surge was the earnings announcement of the athletic apparel company. Earnings per share beat expectations by 18.20% and total revenue was higher than expected by 5.43%.

Tue, 23 Aug 2022 13:46:46 GMT

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