How do you think Lululemon is going to do in the stock market?
Elvina asks:
I’ve been watching Lululemon since the IPO and saw it go all the way up to $60/share and all the way back down to $25. I was surprised it went down so much since it’s such a great company. Do you think the stock will bounce back as it did initially?
stock symbol LULU
I’ve been watching Lululemon since the IPO and saw it go all the way up to $60/share and all the way back down to $25. I was surprised it went down so much since it’s such a great company. Do you think the stock will bounce back as it did initially?
stock symbol LULU
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Lululemon is very trendy right now. It well may bounce up, at least temporarily and stay up for about as long as a strong trend continues, say possibly three years. After that point, the value of the shares may decline, after the novelty of the product, and of spandex garments in general has worn off.
The value of the stocks declined following some skepticism as to whether the company was truthfully representing the contents of many of its products. However, the outlets contine to be popular, especially with adolescent and young adult females.
My answer is only a guess.