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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Lululemon Athletica Inc | NASDAQ:LULU | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
4.69 | 1.30% | 364.69 | 364.50 | 365.00 | 367.515 | 359.635 | 360.89 | 1,234,536 | 00:28:49 |
By Ben Glickman
Pfizer said it would reverse $4.2 billion in revenue after revising its agreement with the U.S. government related to its Covid-19 treatment Paxlovid. The company agreed to take back unused courses for the oral anti-viral pill as it seeks to roll out its commercial version of the drug. Shares fall 3.1% to $31.10 after-hours.
Moderna, which produces Covid-19 vaccines, saw its shares slump after Pfizer warned of lower-than-expected demand for Covid-19 vaccines and treatments. Pfizer slashed its expectations for revenue and adjusted earnings after the market closed on Friday as its Covid-related products saw lagging sales, a warning sign for the results of other vaccine makers. Moderna shares fall 4% to $94.40 after-hours.
Lululemon Athletica's stock will join the S&P 500 effective Oct. 18. The excercise apparel company will replace Activision Blizzard, which was acquired by Microsoft on Friday. Shares rise 4.9% to $396.13 after-hours.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
October 13, 2023 20:02 ET (00:02 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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