lululemon spike higher attributed to 'go private' speculation
Shares of lululemon (LULU) have moved into positive ground in early trading, with a spike in shares attributed to speculation that private equity firm could target the company, according to contacts. The Fly, in fulfilling its mission of explaining stock movement, often comes across the many unconfirmed rumors being passed through trading desks and social media platforms. On the occasion that rumors or speculation appear on The Fly's news feed, it should be viewed not as giving credence to the conjecture, rather as simply highlighting its impact on the stock prices of the companies involved. Shares of lululemon are up 1.5% to $60.28 and are near their session highs in morning trading.