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.

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Source Fool.com