Lululemon Stock Falls to $100: Has It Become a Bargain Buy?
The apparel stock is trading at multi-year lows.
Overview
Lululemon Athletica (NASDAQ:LULU)'s stock hasn't been this cheap in years. The apparel company has fallen on hard times. Its growth has dried up, and it's in the midst of a CEO transition as well. There's been plenty of controversy and bad news surrounding the stock to explain its dramatic fall over the years.
There's risk here, there's no doubt about that. But with the stock recently falling below $100 and trading at levels it hasn't been at since 2018, has it become such a bargain that it's too hard to pass up investing in the apparel company?
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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.