Member access

4-Traders Homepage  >  Shares  >  Toronto Stock Exchange  >  Lululemon Athletica inc.    LULU   US5500211090

End-of-day quote. End-of-day quote Toronto Stock Exchange - 06/24
63.77 CAD   -1.21%
04/10 LULULEMON ATHLE : BRIEF: Bath & Body Works, Lululemon to open locati..
03/30 LULULEMON ATHLE : to open showroom in downtown SLO
03/26 RED HAT : Lululemon and Red Hat are big market movers
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Lululemon Athletica Inc : Lululemon chairman sold stock before CEO's surprise departure

06/12/2013 | 10:24pm US/Eastern

(Reuters) - Yogawear maker Lululemon Athletica Inc's Chairman Dennis "Chip" Wilson sold stock worth $50 million days before shares slumped on the news of Chief Executive Christine Day's surprise departure.

Wilson, who founded the company in 1998 and remains its largest voting shareholder, set up the sales plan in December, the Wall Street Journal reported citing InsiderScore.com, which tracks insider trading and institutional ownership.

Wilson sold 607,545 shares at $81.50 each on Friday, earning $49.5 million, according to a regulatory filing. (http://link.reuters.com/zux78t)

The SEC allows company executives to trade their own stock by using a preset plan known as 10b5-1, even when they have access to private information.

Lululemon shares slumped as much as 15 percent in extended trading on Monday after Day announced her departure plans. The shares dropped about 17 percent on Tuesday amid price target cuts and downgrades by Wall Street analysts.

The maker of high-end, fashionable workout wear had to recall its excessively see-through yoga pants in March, which proved a huge blow.

(Reporting by Garima Goel in Bangalore; Editing by Stephen Coates)

React to this article
Latest news on LULULEMON ATHLETICA INC.
04/10 LULULEMON ATHLETICA : BRIEF: Bath & Body Works, Lululemon to open locations in A..
03/30 LULULEMON ATHLETICA : to open showroom in downtown SLO
03/26 LULULEMON ATHLETICA : CEO Says It's Time to Stop Playing Defensively
03/26 RED HAT : Lululemon and Red Hat are big market movers
03/26 GameStop, Lululemon, Restoration Hardware earnings in focus
03/26 Lululemon reassures investors that its problems are temporary
03/26DJLululemon's Holiday Sales Better-Than-Expected -- Update
03/26 Wall Street poised for lower open after strikes on Yemen
03/26DJMARKET SNAPSHOT : U.S. Stocks: Futures Skid As Growth Worries Persist
03/26 LULULEMON ATHLETICA : Q4 revenue up 16%, profit above analyst estimates at US$11..
Advertisement
Chart
Duration : Period :
Lululemon Athletica inc. Technical Analysis Chart | LULU | US5500211090 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF