The Law Offices of Frank R. Cruz announces an investigation of Lululemon Athletica Inc. (“Lululemon” or the “Company”) (NASDAQ: LULU) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On July 25, 2024, multiple analysts lowered their Lululemon price targets due to concerns about the Company’s financial performance, specifically regarding its recently-launched Breezethrough line. Analysts specified that the line suffered from “inconsistent” inventory allocation and pricing, and an apparent pause of the line altogether.
On this news, Lululemon’s stock price fell $24.74, or 9.1%, to close at $247.32 per share on July 25, 2024, thereby injuring investors.
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If you purchased Lululemon securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240725645950/en/
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
