The Law Offices of Frank R. Cruz continues its investigation of Lululemon Athletica Inc. (“Lululemon” or the “Company”) (NASDAQ: LULU) on behalf of investors concerning the Company’s possible violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to participate.
On July 25, 2024, multiple analysts lowered their Lululemon price targets due to concerns about the Company’s financial performance, specifically regarding its recently-launched Breezethrough line. Analysts specified that the line suffered from “inconsistent” inventory allocation and pricing, and an apparent pause of the line altogether.
On this news, Lululemon’s stock price fell $24.74, or 9.1%, to close at $247.32 per share on July 25, 2024, thereby injuring investors.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased Lululemon securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240802211197/en/