SharkNinja, Inc. ( (SN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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SharkNinja, Inc. has seen its stock price decline following JPMorgan’s decision to lower the company’s price target. This adjustment comes as a result of cautious retailer inventory levels and the earlier timing of Amazon Prime Day, both of which have impacted SharkNinja’s projected Q3 sales growth. The growth forecast has been revised down from 13.5% to 11.1%. Despite these challenges, SharkNinja is still considered well-positioned for the upcoming holiday season.
More about SharkNinja, Inc.
YTD Price Performance: 9.44%
Average Trading Volume: 1,448,042
Technical Sentiment Signal: Buy
Current Market Cap: $14.99B
For further insights into SN stock on TipRanks’ Stock Analysis page.
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