NEW YORK, NY / ACCESSWIRE / August 5, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Lululemon Athletica Inc. ("Lululemon") (NASDAQ:LULU) concerning possible violations of federal securities laws.
On July 25, 2024, various analysts reduced their price targets for Lululemon as the Company had reportedly halted sales on its Breezethrough collection of leggings. The collection, which had recently launched on July 9, 2024, was paused due to poor customer reception on various aspects of the product, including both its appearance and comfort. Pertinently, Breezethrough was the first of two purported innovations Lululemon relied upon in projecting the Company's increased growth for the back half of 2024.
Following this news, Lululemon's stock price fell by $24.74 per share to close at $247.32 per share. To obtain additional information, go to:
https://zlk.com/pslra-1/lululemon-athletica-inc-lawsuit-submission-form?prid=93963&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
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