Lululemon Athletica inc.’s recently made public 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 $28.89 million.
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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 $23.83 million.
A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in late April from “an Overweight” to “an Equal weight”. Jefferies also remained covering LULU and reiterated its “an Underperform” recommendation on April 04, 2024. Needham maintained its rating on March 22, 2024. It rated LULU as “a Buy”.
Price Performance Review of LULU
On Tuesday, Lululemon Athletica inc. [NASDAQ:LULU] saw its stock fall -1.25% to $322.98. Over the last five days, the stock has lost -8.34%. Lululemon Athletica inc. shares have fallen nearly -36.83% since the year began. Nevertheless, the stocks have fallen -12.36% over the past one year. While a 52-week high of $516.39 was reached on 01/02/24, a 52-week low of $323.66 was recorded on 05/21/24. SMA at 50 days reached $374.93, while 200 days put it at $417.22. A total of 2.0 million shares were traded, compared to the trading of 3.62 million shares in the previous session.
Levels Of Support And Resistance For LULU Stock
The 24-hour chart illustrates a support level at 320.66, which if violated will result in even more drops to 318.34. On the upside, there is a resistance level at 326.80. A further resistance level may holdings at 330.61. The Relative Strength Index (RSI) on the 14-day chart is 27.12, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -16.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.69%. Stochastics %K at 4.94% indicates the stock is a buying.
