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Why Lululemon Stock Jumped 10% Today

·2 min read
Why Lululemon Stock Jumped 10% Today
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Lululemon Athletica (NASDAQ: LULU) shareholders trounced a rising market on Thursday as shares jumped 10% by 12:30 p.m. ET compared to a 1.9% boost in the S&P 500. The rally wasn't enough to put the apparel retailer's stock back in positive territory for the year, but shares are above the lows they set earlier in the week. The rally was sparked by a stock upgrade that called Lululemon's recent sell-off overblown.