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Updated · MarketWatch · May 1Lululemon stock slips 2.99% and underperforms rivals for fourth straight day
8 articles · Updated · MarketWatch · May 1
- Shares closed at $133.58 as the S&P 500 rose 0.29% and the Dow Jones fell 0.31% in a mixed Friday session.
- Lululemon ended 60.74% below its 52-week high of $340.25 reached on 3 June, while Nike, VF Corp and Under Armour all posted gains.
- Trading volume reached 4.2 million shares, above the 50-day average of 2.8 million, signalling heavier investor activity during the latest decline.
After losing $17 billion in value, is Lululemon’s dominance in the athleisure market permanently broken? With its founder waging war on the board, can Lululemon's new CEO prevent a complete brand collapse?