LULU Stock Got Crushed 17% — Ross Gerber Says Lululemon Is in ‘Shambles’ as Michael Burry Calls His Largest Position a ‘Trickster’
Lululemon stock slumped about 17% on Friday after the company forecast a weaker full-year outlook, drawing sharp reactions from top investors.
Lululemon's stock price dropped a lot because the company said it won't make as much money as people thought. When big investors get worried about a company, it's a sign to pay attention to whether the business is staying strong or running into real problems.
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