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Home » Stock Market News » Lululemon CEO expands stake in sportswear maker

Lululemon CEO expands stake in sportswear maker

Written by Miroslav Marinov
Miroslav Marinov
Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.
, | Updated:

Lululemon Athletica Inc’s (NASDAQ: LULU) Chief Executive Officer Calvin McDonald has expanded his stake in the sportswear maker with the purchase of 4,000 shares last week, a SEC filing showed.

The shares were acquired at a price of $260 each, while the total value of the deal was $1.04 million.

As a result of the purchase, the CEO’s stake in Lululemon Athletica has increased to about 90,000 directly-owned shares, the filing revealed.

Stock Performance

The shares of Lululemon Athletica Inc (LULU) closed 0.06% ($0.14) higher at $253.84 on Nasdaq on Friday, as they snapped a three-day streak of losses.

The company’s total market cap now stands at $31.166 billion.

The shares of Lululemon Athletica Inc (LULU) went up 59.59% in 2023, compared with a 24.23% gain for the benchmark index, S&P 500 (SPX).

The company’s shares have retreated 50.35% so far this year.

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