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Updated · MarketWatch · Apr 28Lululemon stock falls 3.10 percent to $142.39, underperforms competitors
11 articles · Updated · MarketWatch · Apr 28
- The drop ended a two-day winning streak for Lululemon, leaving shares 58.15% below their 52-week high of $340.25.
- Lululemon's decline outpaced Nike, VF Corp., and Under Armour, as the broader S&P 500 fell 0.49% and Dow Jones slipped 0.05%.
- Trading volume for Lululemon was 2.6 million, slightly below its 50-day average, reflecting a generally rough session for the stock market.
With its stock down over 50%, is Lululemon a value trap or a massive buying opportunity? Is Lululemon's premium athleisure bubble finally bursting in North America? Will booming international sales be enough to save Lululemon from its domestic slump? With two activist investors circling, who will ultimately win control of Lululemon's future? Can a Nike veteran reignite growth at Lululemon amid a founder's public revolt?