– The cloud computing company's stock received a double-downgrade at Goldman Sachs, which cut its rating to"sell" from"buy." Goldman's move is based on expectations of softening demand, especially in international markets, as well as fading tailwinds in segments that have done well over the past 12 to 18 months. DigitalOcean fell 3.5% in the premarket. – The apparel retailer's stock fell 1.
" Deutsche Bank said there is little visibility about a sales recovery at Old Navy, as well as concern about an elevated level of promotions at both Gap and Old Navy. The stock fell 5% Tuesday following news that CEO Sonia Syngal was stepping down. – The maker of industrial fasteners saw its stock slide 7% in premarket trading after it said it saw signs of softening demand in May and June.
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