Lululemon

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Lululemon Athletica’s new co-chairman’s stock purchase was so earthshaking it could be felt even through the thickest of yoga mats.Glenn Murphy, who was named to the post in April, bought a whopping $5.55 million in Lululemon (ticker: LULU) shares, the largest on the open market since the company went public in 2007 and only the third insider purchase since 2009. Murphy paid an average of $55.50 each for 100,000 shares over June 26 and 27.Murphy is a former chief executive of Gap (GPS). Under his eight-year tenure that ended 2015, shares doubled. Since he’s left, Gap stock has tumbled 40% … Read more

Is it time to short Lululemon?

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It might be.  According to this article from Live Trading News, Lulemon is going to face some  strong competition from Green AppleYoga News, Lululemon, Green AppleLululemon the Vancouver-based yogawear retailer expects to hit $1 billion in revenue during fiscal 2012, as productivity at its U.S. stores, once a cause for concern among investors, climbs closer to that seen in its highly profitable Canadian outlets.While Lululemon’s sales have soared along with its share price, investors have been concerned that competition might start to slow its ascent.“We’re not feeling it or seeing it on a global basis or even store by store,” … Read more