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. Stock
€103.20
-0.390%
Currently there is a rather positive sentiment for Lululemon Athletica Inc. with 23 Buy predictions and 7 Sell predictions.
With a target price of 207 € there is potential for a 100.58% increase which would mean more than doubling the current price of 103.2 € for Lululemon Athletica Inc..
