Nike and Lululemon Both Hit Multi-Year Lows in September. Which Stock Is Best Positioned to Make a Comeback?
Both stocks face similar challenges, but only one is reasonably valued.
Overview
Nike (NYSE: NKE) and Lululemon (NASDAQ: LULU) were both once considered resilient stocks in the crowded athletic apparel market. Nike is the world's largest athletic footwear maker, while Lululemon was one of the fastest-growing yoga and athleisure apparel brands.
But this month, both stocks sank to their multi-year lows. Lululemon, which reached a record high of $511.29 per share in Dec. 2023, now trades at $96 per share. Nike, which closed at an all-time high of $161.91 per share in Nov. 2021, has dropped to $36. Let's see why these two stocks collapsed -- and which one has a better shot at a comeback.
Image source: Getty Images.
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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.