Lululemon (LULU) Stock Is 80% Below Its All-Time High: 1 Metric That Shows How Bearish Wall Street Has Become.
Once a high-flying stock posting huge returns, this premium apparel brand has fallen out of favor.
Overview
It's hard to imagine that Lululemon Athletica (NASDAQ: LULU) was once one of the best performing stocks on the market. Over the five-year stretch leading up to their all-time high in December 2023, shares had catapulted 321% higher.
But it's been a wildly disappointing story since then. This consumer discretionary stock currently trades 80% below that record (as of Sept. 24). The investment community has soured on this business due to a streak of poor financial results.
Details
Here's one metric that highlights just how bearish Wall Street has become on Lululemon.
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.