Why Lululemon Stock Lost 16% in July
Shares of Lululemon Athletica (NASDAQ: LULU) were pulling back last month as concerns about the tariffs and the company's internal challenges weighed on the stock in a month when there was little company-specific news.
According to data from S&P Global Market Intelligence, the stock finished the month down 16%. As you can see from the chart below, an early July gain was wiped out by the second week of the month, and the stock fell sharply at the end of July as new tariff rates came into focus.
Source Fool.com
Lululemon Athletica Inc. Stock
€136.20
-2.460%
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As a result the target price of 259 € shows a very positive potential of 90.16% compared to the current price of 136.2 € for Lululemon Athletica Inc..
