Stock Movers Weekly Roundup: Nike Slides, Echostar Soars, Lumentum Jumps
Apr 2, 2026
Avalon Purnell, a Bloomberg equities reporter who covers market-moving company news. She breaks down Nike’s revenue warning and leadership shift. She walks through EchoStar’s pop after SpaceX IPO chatter. She outlines Lumentum’s surge tied to AI and data-center spending.
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Nike Guides To Revenue Decline Under New CEO
- Nike's stock plunged about 14% as management guided for up to a 4% revenue decline in Q4.
- Avalon Purnell noted this is the first forecast under new CEO Elliot Hill and signals sales may stay negative into next year.
New CEO Rally Meets Stock Compensation Pressure
- Tim Stenovec referenced an internal memo where CEO Elliot Hill told employees he's ready to start winning again.
- Carol Massar and Tim discussed the tension of rallying staff while stock-linked compensation remains depressed.
SpaceX IPO Talk Lifts EchoStar Shares
- EchoStar (SATS) jumped as SpaceX IPO reports fueled sector enthusiasm, closing up about 15% that week.
- Avalon said reporting suggested SpaceX filed confidentially and could target a $2 trillion valuation, driving related stock moves.