Nike Rises, Uber Falls, United Natural Foods Climbs After Cybersecurity News
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Show Notes
On this episode of Stock Movers:
- Nike (NKE) shares rise after the sneaker company's said its yearlong sales decline is finally starting to ease, suggesting that CEO Elliott Hill's strategic moves are paying off.
- Uber (UBER) and Lyft (LYFT) shares fall after both rideshare firms were downgraded to hold from buy at Canaccord Genuity as analyst George Gianarikas sees “potential for rapid disruption.”
- United Natural Foods (UNFI) is climbing after the food distributor said a previously disclosed cybersecurity incident has been contained, and it’s now regularly receiving and shipping products to retailers across its network.
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