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Lennox stock plunges 21% after missing Q2 sales and cutting 2026 earnings forecast.

Market News
20 Aug 2026
PRNewsWire
View Source
Bearish
pluang ai news

Lennox International reported $1.5 billion in Q2 2026 sales, missing expectations and citing weakness in the residential market. The company lowered its 2026 earnings forecast by about 3%, to $23.00-$24.00 per share. Following the announcement, Lennox's stock dropped nearly 21% to $430.02 per share. Pomerantz LLP has launched an investigation into possible securities fraud or unlawful practices by Lennox and its executives, advising affected investors to contact them for a potential class action lawsuit.

More News

Aster rallies 10% as Hyperliquid's U.S. entry boosts decentralized derivatives optimism

Aster rallies 10% as Hyperliquid's U.S. entry boosts decentralized derivatives optimism

Aster's price surged over 10% to $0.65 following positive regulatory news about Hyperliquid's potential U.S. entry, signaling growing optimism for decentralized perpetual futures exchanges. Trading volume nearly tripled from $55 million to $152 milli...

Market News
Bullish
4 hours ago
Investors in FLOW crypto may claim compensation over alleged misleading info by Flow Foundation.

Investors in FLOW crypto may claim compensation over alleged misleading info by Flow Foundation.

Rosen Law Firm is investigating claims that Flow Foundation provided misleading business information to investors in FLOW cryptocurrency. Investors who bought FLOW on or before December 27, 2025, and held it through December 29, 2025, may be eligible...

Market News
Bearish
4 hours ago
Ethereum spot ETFs see $189M inflow, largest in 10 months, led by BlackRock's ETHA fund.

Ethereum spot ETFs see $189M inflow, largest in 10 months, led by BlackRock's ETHA fund.

US spot Ethereum ETFs attracted $189.15 million in net inflows on August 19, marking the largest single-day inflow since October 2025. BlackRock's ETHA fund accounted for about 65% of this inflow, signaling renewed institutional interest in ether. Au...

Market News
Bullish
4 hours ago
Japan Tobacco rated BUY, trading 19% below Philip Morris with strong growth and dividends expected

Japan Tobacco rated BUY, trading 19% below Philip Morris with strong growth and dividends expected

Japan Tobacco is rated a BUY as it trades at a 19% discount to Philip Morris despite similar expected earnings growth. The company is expected to outperform peers due to strong operating income growth, market share gains, volume increases, and price ...

Analyst Insights
Bullish
4 hours ago
Jim Cramer reverses, tells caller to buy Bitcoin after recently selling it over quantum fears.

Jim Cramer reverses, tells caller to buy Bitcoin after recently selling it over quantum fears.

Jim Cramer recently said he sold all his Bitcoin due to concerns about quantum computing potentially breaking Bitcoin's cryptography, citing IBM CEO's warning. However, days later on his show Mad Money, he advised a caller to buy Bitcoin instead of a...

Market News
Bullish
4 hours ago
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