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Bloomberg Podcasts · Closing Bell: Amer Sports Rises, Cisco Dips, Chewy Sinks | Stock Movers
- 1. Amer Sports, parent company of brands like Arcteryx and Salomon, saw its shares close 1.6% higher after raising its full-year revenue forecast.
- 2. The SEC is reportedly preparing to release plans for trading crypto versions of stocks, potentially enabling 24/7 trading of real-world assets.
- 3. Cisco Systems shares fell 2.9% after its CFO warned of fluctuating gross profit margins as the company expands into AI infrastructure.
- 4. Chewy's shares plunged 9% to their lowest level since 2020, following comments about a consumer pullback in the pet market.