Stock Movers: Intel, Lululemon, Compass Pathways
Intel shares hit a record high after delivering a sales forecast that exceeded Wall Street expectations, while Lululemon fell after naming a new CEO. Compass Pathways surged after President Donald Trump signed an executive order to expedite psychedelic research.
Intel's stock soared to a record high in New York trading on Friday after the chipmaker delivered a sales forecast that shattered Wall Street expectations, driven by a boom in AI spending. The stock reached a record high for the first time since August 2000, with a single-day percentage gain that was the largest since October 1987. Lululemon shares dropped as much as 12% on Thursday after naming a Nike veteran as CEO, reflecting investor skepticism about the brand's growth prospects. Compass Pathways and other psychedelic-linked stocks surged this week after President Donald Trump signed an executive order to expedite research and access. US-traded shares of Compass Pathways spiked as much as 53% on Monday, while the AdvisorShares Psychedelics ETF climbed as much as 20%. The executive order was signed on April 18, 2026, and the stock movements occurred on April 24, 2026.
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