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Here are some of the stocks on the move for Friday, March 28.
Lululemon (LULU) shares are sinking after issuing a disappointing full-year forecast.
AppLovin (APP) has hired a law firm to investigate short seller activity after a third short-selling firm issued a report on the company.
Rocket Lab (RKLB) will be competing for a $5.6 billion US Space Force contract.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo! Finance's Market Minute. Stocks selling off as investors digest slightly hot PCE inflation data and consumer sentiment at the lowest level since November of 2022. Meanwhile, Lululemon under pressure as its outlook falls short of Wall Street expectations. Lululemon's CEO warning that sales growth is slowing across the industry as consumers remain cautious about the economy. And AppLovin bouncing back after falling over 20% on Thursday. Shares of the company now up about 4%. The stock initially sinking after short seller Muddy Waters announced a position in AppLovin. This is the third short report for the company this year. AppLovin announcing this morning it's hired a law firm to investigate the recent short activity. And Rocket Lab shares rising after the U.S. Space Force tapped the company to compete for a contract worth up to $5.6 billion. That's your Yahoo! Finance Market Minute. For more on what's trending, scan the QR code to track the best and worst performing stocks of the session.
