FULC - Hot Stocks: DIS continues slide; ILMN falls as CFO quits; RENT rises on earnings; FULC clinical data
Disney (DIS) took another step down in Friday's midday action, as leadership drama at the entertainment giant propelled the latest retreat in a downtrend that has marked most of June so far. Meanwhile, Illumina (NASDAQ:ILMN) also lost ground on management uncertainty, with the stock dropping in the wake of its CFO's departure. Elsewhere in the market, Fulcrum (FULC) saw selling as well, losing almost half its value in the wake of clinical trial data. Looking to the upside, Rent the Runway (RENT) received a boost from its earnings report. The stock rose despite a wider-than-expected loss. Decliners Disney (DIS) continued to lose ground in intraday trading, falling another 3%. This marked the sixth consecutive day of declines and the seventh out of the past eight. The latest step down comes on news out Thursday that the entertainment conglomerate had ousted top TV exec Peter Rice. The company's board also offered
For further details see:
Hot Stocks: DIS continues slide; ILMN falls as CFO quits; RENT rises on earnings; FULC clinical data