Large Outflow of Money Witnessed in lululemon athletica

Shares of lululemon athletica (NASDAQ:LULU) advanced to $70.67. The price had gained 0.18% or 0.13 points intraday. The latest trading session witnessed $22.21 million in upticks and $25.85 million in downticks, resulting in net money flow of (-3.64) million. The up/down ratio for the day stood at 0.86. On a weekly scale, the price has seen a change of 5.1%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-2.75) million occurred during the day. $0 million in uptick and $2.75 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.


Currently the company Insiders own 0.29% of lululemon athletica shares according to the proxy statements. Institutional Investors own 93.05% of lululemon athletica shares. On the companys insider trading activities,The director of Lululemon Athletica Inc., Pitcher Rhoda M. sold 5,310 shares at $67.31 on April 1, 2016. The Insider selling transaction had a total value worth of $357,416. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

lululemon athletica (NASDAQ:LULU) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.33 points or 0.47% at $70.21 with 2,255,958 shares getting traded. Post opening the session at $70.07, the shares hit an intraday low of $70 and an intraday high of $71.2 and the price was in this range throughout the day. The company has a market cap of $8,929 million and the number of outstanding shares have been calculated to be 127,174,155 shares. The 52-week high of lululemon athletica (NASDAQ:LULU) is $72.54 and the 52-week low is $43.14.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, SunTrust Robinson Humphrey maintains its rating on lululemon athletica (NASDAQ:LULU).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, SunTrust Robinson Humphrey raises the new price target from $79 per share to $83 per share. The rating by the firm was issued on June 9, 2016.

lululemon athletica inc. is a designer and retailer of technical athletic apparel. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, general fitness and dance-inspired apparel for female youth. The Company conducts its business through two channels: corporate-owned stores and direct to consumer. The Company markets its athletic apparel under the lululemon athletica and ivivva athletica brand names. As of February 1, 2015, the Companys retail footprint included 211 stores in the United States, 57 stores in Canada, 26 stores in Australia, five in New Zealand, two in the United Kingdom and one in Singapore. The Companys retail stores are located primarily on street locations, in lifestyle centers and in malls.

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