Stock Movers Closing Bell: Lululemon Gains on CEO Stepping Down, Cannabis Stocks Rise, Oracle Lower
Dec 12, 2025
Lululemon's shares skyrocketed nearly 10% after the CEO's surprise resignation hinted at a strategic overhaul. Cannabis stocks surged over 50% amid news of possible reclassification of marijuana, stirring excitement in the market. Meanwhile, Oracle's stock dipped over 4% as construction delays on data centers for OpenAI raised concerns about their operational efficiency. The discussion also touched on fast-casual restaurants, benefiting from anticipated tourism boosts from the upcoming World Cup.
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Leadership Change Sparks Stock Rally
- Lululemon jumped almost 9.6% after announcing CEO Calvin McDonald will step down and the company raised its full-year outlook.
- Investors view leadership change plus an improved outlook as a catalyst after shares fell over 60% from 2023 highs.
Cannabis Stocks Soar On Potential Reclassification
- Cannabis stocks surged after reports President Trump may direct reclassification of marijuana to a less dangerous Schedule 3 drug.
- Market priced in major regulatory relief that could benefit producers, investors, and medical patients.
World Cup Could Boost Fast-Casual Chains
- Analysts see fast-casual and fast-food chains like Chipotle and Shake Shack as beneficiaries of the 2026 World Cup due to increased tourism and consumer mobility.
- Firms could gain from higher restaurant spending and unique marketing opportunities during the six-week event.