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The Attractiveness of Investing In Lululemon Athletica inc. (LULU) is Growing

Lululemon Athletica inc.’s recent filing unveils that its Officer NICOLE NEUBURGER acquired Company’s shares for reported $0.13 million on Sep 26 ’24. In the deal valued at $269.59 per share,486 shares were bought.

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Then, MCDONALD CALVIN bought 4,000 shares, generating $1,040,000 in total proceeds. Upon buying the shares at $260.00, the Chief Executive Officer now owns 89,922 shares.

Before that, MICHELLE CHOE bought 6,365 shares. Lululemon Athletica inc. shares valued at $1,680,590 were divested by the Officer at a price of $264.04 per share.

Wedbush reiterated its Lululemon Athletica inc. [LULU] rating to an Outperform in a research note published on August 28, 2024; the price target was $324. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late August has reiterated a ‘”an Outperform”‘ rating for it. Citigroup maintained its rating on August 22, 2024. It rated LULU as “a Neutral”.

Price Performance Review of LULU

On Friday, Lululemon Athletica inc. [NASDAQ:LULU] saw its stock jump 4.16% to $280.01. Over the last five days, the stock has gained 6.63%. Lululemon Athletica inc. shares have fallen nearly -45.23% since the year began. Nevertheless, the stocks have fallen -26.15% over the past one year. While a 52-week high of $516.39 was reached on 01/02/24, a 52-week low of $226.01 was recorded on 08/05/24. SMA at 50 days reached $258.10, while 200 days put it at $362.66.

Levels Of Support And Resistance For LULU Stock

The 24-hour chart illustrates a support level at 273.46, which if violated will result in even more drops to 266.91. On the upside, there is a resistance level at 285.11. A further resistance level may holdings at 290.21. The Relative Strength Index (RSI) on the 14-day chart is 63.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.06%. Stochastics %K at 67.19% indicates the stock is a holding.

How much short interest is there in Lululemon Athletica inc.?

A steep rise in short interest was recorded in Lululemon Athletica inc. stocks on 2024-09-13, growing by 68614.0 shares to a total of 4.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.46 million shares. There was a rise of 1.52%, which implies that there is a positive sentiment for the stock.

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