Lululemon Stock Falls Tuesday: What's Happening?
Lululemon Athletica shares are trading lower Tuesday, falling in sympathy with second-quarter earnings from DICK's Sporting Goods.
Lululemon's stock price went down today because another sports store (DICK's) reported weaker sales results, making investors worried about the whole sports-clothing business. When one company in a group has trouble, people often worry that similar companies might have trouble too—so watch if Lululemon's own sales stay strong or start to slip.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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