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Lululemon Athletica inc.(NASDAQ:LULU) is lower 4.11% and is trading at $63.19 after the company said a recall of a line of its yoga pants will have a "significant impact" on its results. The company said it will recall 17% of its women's yoga bottoms due to a "sheerness issue." Because of the shortages, it expects first-quarter same-store sales to rise between 5% and 8%, lower than a previous estimate of a rise of 11% on a constant-dollar basis.
How Should Investors Trade LULU After The Solid Jump? Let’s Find Out Here
Charter Communications, Inc.(NASDAQ:CHTR) jumped 1.23% and is trading at $99.25. John Malone's Liberty Media Corp. agreed to buy about 27% of Charter Communications Inc. for about $2.62 billion, helping Liberty re-establish itself as a force in cable TV.
The Wall Street Journal reported Monday that Liberty was close to an agreement to buy a large chunk of Charter.
Is CHTR Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here
Affymax, Inc.(NASDAQ:AFFY) slumped 55.82% and is trading at $1.29. The company said Monday it will reduce its work force by 75% and may sell itself. Both actions are linked to an investigation of Affymax’s antianemia drug Omontys, which it recalled after it led to fatal reactions in some first-time users.
Is AFFY Buy After The Recent Price Movement? Find Out Here
Citigroup Inc.(NYSE:C) gained 0.84% and is trading at $46.63. The bank’s price target was raised to $53 from $46 on Tuesday by Deutsche Bank. The bank also agreed to pay $730 million on Monday to settle allegations it misled investors during the financial crisis.
Is C a Buy At The Current Market Price? Don’t Miss Out Our Special Coverage Here
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