Business
Lululemon rises sharply before joining the S&P 500. What the professionals say
Market Movers rounded up the latest reaction from investors and analysts to Lululemon after the sportswear company joined the S&P 500 on Wednesday. The index change was announced on Friday. Lululemon replaces Activision Blizzard, which was acquired by Microsoft on Friday in a much-delayed $69 billion deal. LULU stock is up 25% year-to-date, joining 22 other S&P 500 companies officially based outside the U.S. — and the only company based in Canada. LULU rose sharply during Monday’s session, closing the trading day up 10.3%.
