Key facts
- Lululemon shares are lower after the company lowered its annual forecast.
- DocuSign shares are lower after reporting first-quarter earnings.
- Coinbase shares are lower as Bitcoin slides below $62,000.
- Ether is also declining.
On the 'Stock Movers' program hosted by Alexis Christoforous, several companies experienced stock price declines. Lululemon (LULU) shares fell after the company revised its annual forecast downward, citing deteriorating performance in North America. DocuSign (DOCU) also saw its shares drop following the release of its first-quarter earnings. Although the company reported an increase in profit, its annual recurring revenue rate remained unchanged, leading investors to potentially seek higher growth rates. Coinbase (COIN) shares declined as the price of Bitcoin fell below the $62,000 mark this morning. Ether also experienced a decline.