Adobe Slips on CFO Departure, Lennar Falls | Stock Movers
On this episode of Stock Movers with Alexis Christoforous: - Adobe (ADBE) shares are on the move as the company reports today. It fell in premarket trading on Friday after the software maker said that CFO Dan Durn would be departing the company June 15. The news comes after the CEO announced he would resign earlier this year. - Lennar (LEN) shares are lower after its forecasts for new orders and deliveries trailed expectations, and as CEO Stuart Miller said the latest quarter was "defined by the same stubborn headwinds that have challenged the housing market for the past several years." - SpaceX (SPCX) shares are pricing as it debuts today on the NASDAQ. Space stocks are up amid the IPO, including Rocket Labs (RKLB), EchoStar (SATS) and Redwire (RDW).
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