HomeMarketsInternational MarketsStock Movers Today: TWTR, BABA, UAA, LULU
Stock Movers Today: TWTR, BABA, UAA, LULU

Elon Musk cancelled the $44B Twitter (TWTR) deal. As a result, Twitter (TWTR) is seeing a lawsuit against him for the deal. Musk could be faced with paying a $1B breakup fee from walking away. Next, Jeff Pierce discusses China closing Macau casinos for a week due to Covid fears. Also, Chinese stocks fell today due to a possible threat of new Covid restrictions. One of these names include Alibaba (BABA). Both Under Armour (UAA) and Lululemon (LULU) stocks traded lower after Jefferies downgrades. The analyst is concerned about increased Lululemon (LULU) competition and an easing of the Covid-related spike in demand.

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