Lululemon Athletica's stock jumped by more than 10% to an almost two-year high on Monday buoyed by the addition of the Canadian sportswear maker into the...
NEW YORK - Lululemon Athletica's stock jumped by more than 10% to an almost two-year high on Monday buoyed by the addition of the Canadian sportswear maker into the Wall Street benchmark S&P 500 index.
Lululemon's shares rose as high as $416.01 on Monday, their highest level since December 2021. The stock is now up nearly 30% year-to-date, giving the company a market capitalization of more than $52 billion. The company's stock is trading at about 28 times its next 12-month's earnings, compared to its five-year historical average of about 40 times, per LSEG data.
Warren Buffett's business partner, Charlie Munger, would be a lot richer today if he hadn't sold or donated over 75% of his Berkshire Hathaway stock.
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