Advertisement
Singapore markets closed
  • Straits Times Index

    3,176.51
    -11.15 (-0.35%)
     
  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     
  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     
  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     
  • Bitcoin USD

    64,203.32
    +824.61 (+1.30%)
     
  • CMC Crypto 200

    1,380.26
    +67.64 (+5.15%)
     
  • S&P 500

    4,986.75
    -24.37 (-0.49%)
     
  • Dow

    38,008.30
    +232.92 (+0.62%)
     
  • Nasdaq

    15,381.85
    -219.65 (-1.41%)
     
  • Gold

    2,413.40
    +15.40 (+0.64%)
     
  • Crude Oil

    83.42
    +0.69 (+0.83%)
     
  • 10-Yr Bond

    4.6210
    -0.0260 (-0.56%)
     
  • FTSE Bursa Malaysia

    1,547.57
    +2.81 (+0.18%)
     
  • Jakarta Composite Index

    7,087.32
    -79.50 (-1.11%)
     
  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

Why Lulu's Fashion Lounge Stock Was Falling Earlier Today

Shares of Lulu's Fashion Lounge Holdings (NASDAQ: LVLU) were trading down 17.5% as of 11:28 a.m. ET on Wednesday. The company reported revenue growth of 27% over the year-ago quarter, but lower margins put pressure on profitability, sending the stock down. Year to date, the stock has fallen 37%, underperforming the broader market.