Previous close | 11.21 |
Open | 11.21 |
Bid | 9.80 |
Ask | 11.00 |
Strike | 20.00 |
Expiry date | 2023-01-20 |
Day's range | 11.21 - 11.21 |
Contract range | N/A |
Volume | |
Open interest | 14 |
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.
Consider that in 2013, Amazon had $74 billion in sales. Naysayers then may have questioned Amazon's continued prospects, and they would have missed out on incredible returns. At the same time, there were plenty of less well-known companies that arrived on the scene and stole other growth companies' thunder.
Shares of Revolve Group (NYSE: RVLV) are falling today, down by 14.5% as of 11:34 a.m. ET following the company's second-quarter earnings release. Revolve reported an increase in revenue and higher gross margin, but business conditions worsened in July, causing a sharp deceleration in revenue growth. Investors have been on pins and needles, punishing any company that shows signs of weakness.