Is Lululemon Stock a Buy as It Sinks to $96 per Share? Here's My Honest Answer.
The yoga and athleisure apparel maker faces existential challenges.
Overview
Lululemon's (NASDAQ: LULU) stock closed at a record high of $511.29 per share on Dec. 29, 2023. At the time, investors were impressed by its robust growth -- especially throughout the pandemic -- and the expansion of its men's apparel, digital, and international businesses.
But today, Lululemon's stock trades at a multi-year low of about $96. Let's see why its stock plummeted, and if that pullback represents a buying opportunity for patient investors.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.