Lululemon Stock Surges. Activist Elliott Takes a Stake and Pushes for Change.

Core Insights - The activewear company announced that its CEO will step down in January [1] - Elliott Management has a candidate in mind for the CEO position and holds a stake worth over $1 billion in the company [1] Company Developments - The upcoming CEO transition is a significant event for the activewear company, indicating potential changes in leadership and strategy [1] - Elliott Management's involvement suggests that there may be a focus on enhancing shareholder value and operational improvements [1]