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Lululemon Athletica Inc (LULU) |
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LULU $247.1800
$-1.4050 
-0.57%
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Volume (M):
1,441
Open :
249.00 52 Wk Avg :
379.06
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Lululemon Athletica Inc LULU OHLC Open High Low Closing Chart
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What happened with Lululemon Athletica Inc's Stock |
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'Report on Lululemon Athletica Inc's Stock Performance in August 2024'
In August 2024, Lululemon Athletica Inc. (NASDAQ: LULU) demonstrated a volatile yet ultimately positive performance in the capital markets, as its share price saw a modest increase of 4.18%. The stock opened the month at $258.67 and closed at $259.47, indicating a steady climb amidst fluctuations and broader market conditions. During this timeframe, Lululemon outperformed the overall market, which enjoyed a 3.94% increase across the Consumer Discretionary sector; specifically, shares within the Apparel, Footwear and Accessories industry averaged a 4.6% uptrend.
Notably, Lululemon's share price experienced substantial volatility throughout August. The stock peaked at its highest point of $275.04 on August 26, showcasing investor confidence and interest as the company navigated through market challenges. However, the month also saw significant downward pressure on the stock, particularly on August 2, when shares hit a low of $226.01, marking the worst day for Lululemon in the month with a decline of 5.24%. This same drop percentage was mirrored again on August 15, showing that while Lululemon had moments of significant downturn, the overall trajectory for the month remained upward.
Given the fluctuations and external economic factors influencing the market, Lululemon's resilience during this period underscores its strong brand presence and ability to draw investor interest, setting a positive tone as it moves forward into the latter part of the fiscal year.
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In July 2024, Lululemon Athletica Inc experienced a considerable decline in its stock performance, with shares plummeting by -15.33%, falling from $300.73 to $258.66. This downturn was particularly pronounced when compared to broader market trends, as Lululemon significantly trailed the overall performance of the stock market. This period was marked by volatility, with shares hitting a high of $304.39 on July 2, only to face sharp declines in the subsequent weeks.
One of the most notable days for Lululemon's shares occurred on July 16, when the stock experienced its best performance of the month, albeit still negative, closing at -9.09%. This was indicative of a time when investors seemed cautious, reacting to various market signals affecting the retail and apparel sectors. The situation worsened by the end of the month, with July 25 marking the lowest point for Lululemon shares at $245.59, which coincided with its worst trading day of the month, again falling by -9.09%. This sharp decline in share price was alarming, particularly as the Apparel, Footwear and Accessories industry faced an overall average decline of -3.5% during the same period, further emphasizing the challenges Lululemon was encountering in the highly competitive retail landscape. Overall, July 2024 proved to be a tumultuous month for Lululemon Athletica Inc, showcasing the stock's vulnerability amidst a challenging environment.
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Lululemon Athletica Inc. Stock Shows Weak Performance in June 2024
During the month of June 2024, Lululemon Athletica Inc.'s stock experienced a decline of -2.58%. The stock price decreased from $311.26 to $298.7. Throughout the month, Lululemon Athletica Inc.'s shares trailed the overall market performance. On June 6th, the stock reached its highest point at $337.76, but on June 28th, it hit a low of $296.21.
In comparison to the CSIMarkets index that monitors Lululemon Athletica Inc.'s suppliers, the company's shares displayed weaker performance in the last quarter. This suggests that the company may be facing challenges or underperforming compared to its industry peers.
On June 5th, Lululemon Athletica Inc. announced that their financial results for the first quarter fiscal 2024 would be released. The company's stock reacted positively with a 0.49% increase. In contrast, shares in the broader Apparel, Footwear and Accessories industry were down by -0.48% on average during the same period.
Overall, Lululemon Athletica Inc.'s stock performance in June 2024 was weak, with a noticeable decline and underperformance compared to the market and industry peers. Investors may want to closely monitor the company's financial results and future developments to understand the factors contributing to this performance.
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