US EditionCEO resignation sends this Michael Burry stock rocketing
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The brand that everyone wanted to go to yoga with is struggling to maintain its advantage • Calvin McDonald, CEO of Lululemon, is retiring after 7 years - and the company is trying to regain customer attention • Meanwhile, investors are reacting with increases
CEO resignation sends this Michael Burry stock rocketing
Shares of Lululemon (NASDAQ: LULU) jumped sharply on Friday after the company announced a major leadership change and released a stronger-than-expected quarterly report, renewing optimism about the apparel maker’s turnaround prospects. The stock rose 9.6% for the day to around $205, marking one of its best single-day gains this year and outperforming the broader market. LULU one-week stock price chart. Source: Finbold Notably, the stock is backe…
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