Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lululemon Athletica inc shares valued at $131,021 were sold by NEUBURGER NICOLE on Sep 26 ’24. At $269.59 per share, NEUBURGER NICOLE sold 486 shares. The insider’s holdings dropped to 6,198 shares worth approximately $2.14 million following the completion of this transaction.
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Also, NICOLE NEUBURGER purchased 486 shares, netting a total of over 131,021 in proceeds.
Before that, MCDONALD CALVIN had added 4,000 shares to its account. In a trade valued at $1,040,000, the Chief Executive Officer bought Lululemon Athletica inc shares for $260.00 each. Upon closing the transaction, the insider’s holdings increased to 4,000 shares, worth approximately $31.01 million.
As published in a research note from Jefferies on December 02, 2024, Lululemon Athletica inc [LULU] has been retained to an Underperform and the price target has been revised to $220. Analysts at Needham started covering the stock with ‘”a Hold”‘ outlook in a report released in late November. As of October 01, 2024, Morgan Stanley has reiterated its “an Overweight” rating for LULU. Earlier on August 28, 2024, Wedbush resumed its rating. Their recommendation was “an Outperform” for LULU stock.
Analyzing LULU Stock Performance
During the last five days, there has been a surge of approximately 7.91%. Over the course of the year, Lululemon Athletica inc shares have dropped approximately -32.56%. Shares of the company reached a 52-week high of $508.92 on 01/02/24 and a 52-week low of $226.01 on 08/05/24. A 50-day SMA is recorded $302.38, while a 200-day SMA reached $320.02. Nevertheless, trading volume fell to 4.13 million shares from 2.15 million shares the previous day.
Support And Resistance Levels for Lululemon Athletica inc (LULU)
According to the 24-hour chart, there is a support level at 339.87, which, if violated, would cause prices to drop to 334.94. In the upper region, resistance lies at 350.56. The next price resistance is at 356.32. RSI (Relative Strength Index) is 68.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 19.73, which suggests the price will increase in the coming days. Percent R is at 12.35%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
