Lululemon Athletica inc’s recent filing unveils that its Chief Brand Officer NEUBURGER NICOLE unloaded Company’s shares for reported $0.13 million on Sep 26 ’24. In the deal valued at $269.59 per share,486 shares were sold. As a result of this transaction, NEUBURGER NICOLE now holds 6,198 shares worth roughly $1.98 million.
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Then, NICOLE NEUBURGER bought 486 shares, generating $131,021 in total proceeds.
Before that, MCDONALD CALVIN bought 4,000 shares. Lululemon Athletica inc shares valued at $1,040,000 were divested by the Chief Executive Officer at a price of $260.00 per share. As a result of the transaction, MCDONALD CALVIN now holds 89,922 shares, worth roughly $28.78 million.
Morgan Stanley reiterated its Lululemon Athletica inc [LULU] rating to an Overweight in a research note published on October 01, 2024; the price target was $314. A number of analysts have revised their coverage, including Wedbush’s analysts, who remained covering the stock and in late August has reiterated a ‘”an Outperform”‘ rating for it. Telsey Advisory Group also remained covering LULU and reiterated its “an Outperform” recommendation on August 26, 2024.
Price Performance Review of LULU
On Friday, Lululemon Athletica inc [NASDAQ:LULU] saw its stock fall -3.10% to $320.01. Over the last five days, the stock has gained 3.72%. Lululemon Athletica inc shares have fallen nearly -37.41% since the year began. Nevertheless, the stocks have fallen -25.96% 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 $286.35, while 200 days put it at $328.81.
Levels Of Support And Resistance For LULU Stock
The 24-hour chart illustrates a support level at 316.07, which if violated will result in even more drops to 312.14. On the upside, there is a resistance level at 327.63. A further resistance level may holdings at 335.26. The Relative Strength Index (RSI) on the 14-day chart is 59.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.07%. Stochastics %K at 79.39% 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 2024-10-31, growing by 0.41 million shares to a total of 5.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.47 million shares. There was a rise of 6.92%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 22, 2024 when Citigroup resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $270.
