Lululemon Athletica (LULU) Stock: Gains On Acquisition Rumors

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Lululemon Athletica inc. (NASDAQ: LULU)

Lululemon Athletica is having an overwhelmingly strong day in the market today. While it was off to a relatively normal start, we noticed big gains starting just minutes ago. Today, we’ll talk about the gains we’re seeing, why we’re seeing the gains, and what we can expect to see from LULU stock ahead.

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What We’re Seeing From LULU

As mentioned above, Lululemon Athletica was off to a relatively normal start in the market today. However, in the past few minutes, things have changed in a big way. At the moment, the stock is skyrocketing. Currently (11:01), LULU is trading at $57.20 per share after a gain of $2.09 per share (3.79%) thus far today.

Why We’re Seeing The Gains

The gains that we’re seeing on LULU stock are happening for a very good reason. There is quite a bit of chatter surrounding a possible takeover. In fact, that chatter is that the CEO of the company may take it private. The rumors also give a possible price for the acquisition. In fact, it is being suggested that Lululemon athletica may be purchased for between $66 and $69 per share.

What We Can Expect To See Moving Forward

Moving forward, I have a relatively mixed opinion of what we can expect to see. While I never suggest feeding into rumors, this one may actually have something to it. At the end of the day, movement in LULU stock in the short term will likely be largely dictated by news surrounding this story.

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Hey, Im Joshua, the founder of CNA Finance. I enjoy following the trends in the market and finding the catalysts that are making the moves. If you want to get in contact with me, leave a comment below or email me at CNAFinanceHelp@gmail.com Please keep in mind that I am not an investment advisor and nor is CNA Finance. This is a news and information gathering outlet. We may work directly with some of the companies that we write about. If we have a business relationship with an issuer, we will mention that in the articles. We also have various affiliate relationships with advertisers and may be paid if you sign up for a service that you were referred to through our website.

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