Intel's Stock Decline Amid Cost-Cutting Concerns

On this episode of Stock Movers:
- Deckers (DECK) shares soar as Net sales for Ugg and Hoka surpassed analysts' estimates in the fiscal first quarter ending June 30th, with Ugg sales rising about 19% and Hoka increasing roughly 20%.
- Centene (CNC) shares tumble after the health insurer reported adjusted loss per share for the second quarter, surprising analysts who’d forecasted a profit. The company also reported higher medical costs in the second quarter than Wall Street’s expectations.
- Intel (INTC) shares slide after Chief Executive Officer Lip-Bu Tan sparked concerns that he was more focused on cost cutting than restoring the chipmaker’s technological edge.

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