domainapple@gmail.com 00:01 Speaker A
Time to look at some trending stocks that are capturing investor attention. First up, a meme stock that keeps trending up this summer, Open door. Shares continued charging higher, now trading at plus 16% from yesterday’s close of $5.13. That marks a fresh intraday 52 week high of $6.7 supported by a substantial surge in trading volume, nearly double the three-month average. And again, you guessed it, that’s driven by retail investors. It’s a classic meme stock momentum trade. Retail investors rallying around bullish commentary from hedge fund manager Eric Jackson along with renewed social media buzz.
01:00 Speaker A
We’re now at plus 3 and a half% roughly in the past, oh sorry, plus 8450% in the past three months. That’s absolutely mind-blowing, isn’t it? Still, despite the excitement, cautious investors will note that the stock’s rally is heavily sentiment-driven, not tied to any new operational catalyst.
01:23 Speaker A
Ticker number two today is Docu sign. Share shot up around 9% in pre-market action after yesterday’s earning release. What sparked the move? Docu signed beat expectations handsomely.
01:42 Speaker A
posting 92 cents earnings per share on 800.6 million dollars in revenue, outperforming forecasts of 84 cents and 780 million respectively. Management described Q2 as one of the company’s highest performing quarters in recent memory, fueled by AI driven innovation and strong momentum across its flagship e- signature platform and other products. Docu sign also lifted its outlook, now guiding to 3.19 to 3.2 billion in full year revenue. A reminder that Docu sign investors were hungry for some good news after the stock’s wild ups and downs this year. So after a tough year with shares still down roughly 15% year to date, we’ll be watching to see if today’s performance marks the beginning of a real comeback for Docu sign.
02:22 Speaker A
Now our last trending ticker is Lulu Lemon. Just look at where it’s trading in the pre-market, down around 19%. Last night, it released results and it wasn’t pretty. The athletic wear maker slashed annual profit and sales forecast, hurt by tepid US demand and tariff costs. The firm cut its annual profit forecast for the second straight quarter as it grapples with pressure from losing market share to rivals, a volatile macroeconomic backdrop and tariffs that are hurting consumer discre discretionary spending.
