The Worst Mistake Lululemon Athletica Investors Can Make Right Now
Lululemon Athletica's (NASDAQ: LULU) improved sales performance in 2021 hasn't kept the stock from falling victim to the recent market correction. The stock price has fallen 37% after reaching an all-time high of $485 a share in November.
It didn't help that the fast-growing retail brand released disappointing updated guidance for the holiday quarter. Let's unpack why Lululemon stock is down and why it would be a mistake to sell at the moment.
Image source: Lululemon Athletica.
Source Fool.com
