Stock

Where to buy Lululemon Athletica Stock as it surges on $1B share buyback notice

The Lululemon Athletica stock (LULU) price has been on an exponential rise since March 15 and it has risen by 21.38% over the last five days.

To help stock investors eying the LULU stock, Invezz has created a brief article on what it is and the best places to trade it.

To find out more, please continue reading.

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What is LULU stock?

LULU stock is the stock of Lululemon Athletica Inc. that traded on the NASDAQ stock exchange under the ticker NASDAQ: LULU.

Lululemon Athletica is an American – Canadian multinational athletic apparel, lifestyle apparel, and personal care products retailer based in Delaware and headquartered in Vancouver.

It has over 490 stores across the world and it also sells online.

Should I buy the LULU stock today?

If you want to invest in the stock of an apparel retailer, the LULU stock could be a good choice.

However, it is not clear whether the stock shall proceed on the same bullish trend post the $1B share buyback, especially since the stock had been on the decline from November 2021 to February 2022.

Lululemon stock price prediction

Most analysts believe the Lululemon stock shall continue to rise especially in the share buyback period. They forecast that the stock shall hit at least $380 by the end of this week.

LULU stock social media coverage

Lululemon Athletica on Tuesday forecast full-year revenue and profit above analysts’ estimates, signalling demand for athletic wear would remain consistent even as people return to offices and resume travel. https://t.co/j9KTKAs1YG

— The Business of Fashion (@BoF) March 30, 2022

📢#Buyback announcement at LULULEMON ATHLETICA INC on March 29📅

💁‍♂️The Board of Directors authorizes $1.0 Billion Stocks Repurchase Program.

On the day of announcement, stock price went from 337.00 to 343.97💸

🕵️‍♂️ It currently stands on $371 in after hour market#stock #invest pic.twitter.com/JddvIYtj5x

— 2iQ (@2iqresearch) March 30, 2022

The post Where to buy Lululemon Athletica Stock as it surges on $1B share buyback notice appeared first on Invezz.

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