Michael Burry Was Early, Elliott Is Here: What's Next For Lululemon Stock?

Lululemon Athletica, Inc. (NASDAQ:LULU) shares climbed Thursday as Wall Street digested news of activist firm Elliot Management's $1 billion stake in the athleisure clothing retailer. LULU stock is climbing. See the chart and price action here. For months, Lululemon stock was left for dead, plummeting nearly 60% from its all-time highs as it grappled with slowing U.S. growth and a “product newness” crisis. But the narrative shifted with the arrival of Elliott and the departure of Lulu's CEO. Read Next— High ...