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Updated · MarketWatch · May 7Lululemon shares fall 1.80% and underperform rivals
12 articles · Updated · MarketWatch · May 7
- The stock closed at $131.18 on Friday, snapping a three-day winning streak as the S&P 500 rose 0.84% and the Dow added 0.02%.
- Lululemon lagged Nike and VF Corp, which posted smaller declines, and trailed Under Armour, whose shares rose 0.48% in the positive session.
- Shares finished 61.45% below their 52-week high of $340.25 reached on 3 June, while trading volume of 2.1 million stayed below the 50-day average.
As Lululemon's North American sales falter, is its massive international expansion a sustainable growth engine or a high-risk gamble? With its founder opposing the new CEO, can Lululemon's board navigate the company through its North American decline and leadership crisis?