— The volatile stock of the bankrupt rental car company spiked 37% on Friday after the Wall Street Journal reported that the company had asked its bankruptcy judge to allow a secondary stock offering. The company is looking to offer just under 250 million additional shares, according to the report.— Shares of the apparel company fell more than 4% after it reported a weaker-than-expected fiscal first quarter.
Lululemon reported earnings of 22 cents per share, one cent below Wall Street estimates, and $652 million of revenue, $36 million below expectations, according to Refinitiv. Sales declined year-over-year despite 68% growth in direct-to-consumer channels.— American Airlines stock rallied 14.
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Source: CNBC - 🏆 12. / 72 Read more »
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