In a filing, Lululemon Athletica inc. revealed 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 $31.29 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 $25.82 million.
Barclays downgraded its Lululemon Athletica inc. [LULU] rating to an Equal weight from a an Overweight in a research note published on April 29, 2024; the price target was decreased to $395 from $546. A number of analysts have revised their coverage, including Jefferies’s analysts, who remained covering the stock and in early April has reiterated a ‘”an Underperform”‘ rating for it. Needham also remained covering LULU and reiterated its “Buy” recommendation on March 22, 2024. Exane BNP Paribas revised its rating on February 09, 2024. It rated LULU as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of LULU
On Tuesday, Lululemon Athletica inc. [NASDAQ:LULU] saw its stock fall -0.11% to $349.85. Over the last five days, the stock has lost -2.98%. Lululemon Athletica inc. shares have fallen nearly -31.58% since the year began. Nevertheless, the stocks have fallen -9.53% 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 $398.08, while 200 days put it at $419.05. A total of 1.21 million shares were traded, compared to the trading of 1.32 million shares in the previous session.
Levels Of Support And Resistance For LULU Stock
The 24-hour chart illustrates a support level at 347.71, which if violated will result in even more drops to 345.58. On the upside, there is a resistance level at 353.07. A further resistance level may holdings at 356.30. The Relative Strength Index (RSI) on the 14-day chart is 36.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.96%. Stochastics %K at 40.41% indicates the stock is a holding.
