Lululemon Drops to Eight-Year Low, Adobe Falls, FICO Plunges

On this episode of Stock Movers:

- Lululemon (LULU) lowered its full-year outlook for a second straight quarter, with sales now projected to be in a range of $10.35 billion to $10.5 billion. Incoming CEO Heidi O’Neill to face challenges including winning back market share, rebounding from product mishaps, and rebuilding the executive team after a series of recent departures.

- Adobe (ADBE) continues to fall after it named Anil Chakravarthy, the leader of its marketing and analytics software business, as its next chief executive officer.

- Shares of Fair Isaac Corp (FICO) are under heavy pressure after Federal Housing Finance Agency Director Bill Pulte renewed his long-standing criticism of the costs of consumer credit scores. “Equifax, Experian, and TransUnion have been overcharging Americans for far too long,” Pulte said in a post on X on Thursday, adding that “this will end soon.”The post sent Fair Isaac, the analytics company behind so-called FICO scores, tumbling as much as 21%, the biggest drop since March 2020, to the lowest since late April. Equifax and TransUnion both fell as much as 11%.

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