Lululemon Stock Hits 8-Year Low Days Before New CEO Walks in — Gary Black Points to the 4-Month Mistake
Lululemon stock is trading lower after Q2 results and forward guidance. Market expert Gary Black has several reason that might explain weakness.
Lululemon's stock price dropped to its lowest level in 8 years after reporting weaker results than expected, and an expert thinks a recent decision by the company might have caused trouble. When a company's stock falls this far this fast, it's worth watching to see if the new leader can turn things around or if there are deeper problems.
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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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