Lululemon Athletica inc.’s filing revealed that its Director MORFITT MARTHA A M acquired Company’s shares for reported $1.17 million on Mar 27 ’24. In the deal valued at $389.00 per share,3,000 shares were bought. As a result of this transaction, MORFITT MARTHA A M now holds 89,445 shares worth roughly $32.62 million.
Then, MORFITT MARTHA A M bought 700 shares, generating $272,501 in total proceeds. Upon buying the shares at $389.29, the Director now owns 500 shares.
Before that, MCDONALD CALVIN sold 25,000 shares. Lululemon Athletica inc. shares valued at $12,437,539 were divested by the Chief Executive Officer at a price of $497.50 per share. As a result of the transaction, MCDONALD CALVIN now holds 73,793 shares, worth roughly $26.91 million.
Jefferies reiterated its Lululemon Athletica inc. [LULU] rating to an Underperform in a research note published on April 04, 2024; the price target was $240. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late March has reiterated a ‘”a Buy”‘ rating for it. Exane BNP Paribas also remained covering LULU and has decreased its forecast on February 09, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. HSBC Securities revised its rating on January 22, 2024. It rated LULU as “a Hold” which previously was an “a Buy”.
Price Performance Review of LULU
On Tuesday, Lululemon Athletica inc. [NASDAQ:LULU] saw its stock jump 0.80% to $364.68. Over the last five days, the stock has gained 7.58%. Lululemon Athletica inc. shares have fallen nearly -28.67% since the year began. Nevertheless, the stocks have fallen -3.47% over the past one year. While a 52-week high of $516.39 was reached on 01/02/24, a 52-week low of $326.93 was recorded on 04/16/24. SMA at 50 days reached $417.81, while 200 days put it at $420.27. A total of 1.59 million shares were traded, compared to the trading of 2.54 million shares in the previous session.
Levels Of Support And Resistance For LULU Stock
The 24-hour chart illustrates a support level at 360.61, which if violated will result in even more drops to 356.54. On the upside, there is a resistance level at 367.47. A further resistance level may holdings at 370.26. The Relative Strength Index (RSI) on the 14-day chart is 41.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.57, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.27%. Stochastics %K at 61.94% indicates the stock is a holding.
The most recent change occurred on December 13, 2023 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $550.
