Key takeaways
- Lululemon shares dropped 9% when the company announced lower guidance for the fourth quarter of its fiscal year.
- Even with the lowered guidance, Lululemon should still have strong earnings for the quarter.
- The stock has rebounded since its Q4 announcement, up 4% from its low, as investors buy into an oversold stock.
Lululemon is a popular retailer and a popular stock for investors. Last week the company announced investors should expect weaker-than-planned fourth quarter earnings, which sent the stock tumbling. But was the bad news as bad as the company warned, or this is simply a chance to buy an outstanding stock on sale?
Here is what investors need to know, and how Q.ai can help.
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