Why Lululemon Stock Popped Today
Shares of Lululemon Athletica (NASDAQ: LULU) were stretching to 52-week highs today after the athleisure company was tapped to join the S 500, replacing Activision Blizzard after Microsoft's takeover of the video game publisher was approved.
As of 2:37 p.m. ET, the stock was up 10.4% on the news.
In a press release on Friday, S Dow Jones Indices announced that Lululemon will replace Activision Blizzard on its best-known index, the S 500.
Source Fool.com
Lululemon Athletica Inc. Aktie
103,20 €
-0,39 %
Die Lululemon Athletica Inc. Aktie ist leicht im Trend: Mehr Buy- als Sell-Einschätzungen.
Bei einem durchschnittlichen Kursziel von 207 € für Lululemon Athletica Inc., wäre dies mehr als eine Verdopplung des aktuellen Kurses von 103.2 €.
