Why Lululemon Athletica Stock Jumped This Week

Lululemon Athletica (NASDAQ: LULU) shareholders trounced the market this week as their stock gained 14% through Thursday trading compared to a slight decline in the S&P 500, according to data provided by S&P Global Market Intelligence.

The spike helped put the athleisure apparel specialist back near positive territory in 2022 after having shed more than 20% of its value through early March. It was powered by an encouraging earnings update from the management team.

Image source: Getty Images.

Continue reading

Source Fool.com