Progress Software Q2, Sweetgreen downgrade, Lululemon & Costco
Progress Software (PRGS) stock plunges after the company's second quarter results failed to impress investors. Sweetgreen (SG) was downgraded to Hold from Buy by a TD Cowen analyst, citing risks about expanding into "unproven" geographies. Lululemon (LULU) sues Costco (COST) for selling knock-off versions of its products. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here.