Looks like the market cap is now 7.5 billion. It really depends on the growth of the company...it is one of the top names in exercise gear that people are willing to pay over 100 for a pair of work out pants.
This is a news wire I found on Schwab...lululemon athletica, Inc. (NASDAQ: LULU) is seeing some modest upside mid-day, which coincides with a William Blair conference with outgoing CEO Day speaking now. There is also some vague Nike takeover chatter in the market, although this is being taken with a grain of salt.
Shares of LULU are up 0.8% mid-day after selling off for two days on the CEO-resignation news.
Why is it good to go back to the previous CEO? And what the heck to Ackman know about retail...come on how can you forget his Target trade. It would not surprise me if the SEC tells Ackman to either be a fund manager or a board member. All JCP shareholders should be concerned that Ackman is just looking for a quick pop to start selling shares.