The Lululemon Athletica (NASDAQ: LULU) share price has been on the decline since November 16 following a very long bull run that had started around March 4, 2021.
The LULU stock price movement is characterized by similar pullbacks after which it has proved to always take off to new heights. Therefore, the current dip could be a perfect opportunity for long-term investors.
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To help stock investors eying the LULU stock, Invezz has created a brief article on what it is and the best places to trade it.
To find out more, please continue reading.
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What is LULU stock?
LULU stock is the stock of Lululemon Athletica Inc. that traded on the NASDAQ stock exchange under the ticker NASDAQ: LULU.
Lululemon Athletica is an American – Canadian multinational athletic apparel, lifestyle apparel, and personal care products retailer based in Delaware and headquartered in Vancouver.
It has over 490 stores across the world and it also sells online.
Should I buy the LULU stock today?
If you are looking for a stock that has dipped so that you can make money as it resumes its bullish trend, then the LULU stock is a great choice.
Lululemon stock price prediction
Most analysts see the current market dip to be short term and they expect the price of the stock to rally above $440 by the end of the year.
$LULU stock social media coverage
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10/10
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