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%
6d ago LULULEMON ATHLETICA : Announces Second Quarter Fiscal 2014 Earnings Confere..
08/15 CHIP WILSON : Corporate founders battle boards to overturn forced exits
08/08DJU.S. Stocks Rally, End Week in Green
SummaryChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

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

06/12/2013 | 10:24pm US/Eastern
Recommend:
0

(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)

Recommend :
0
React to this article
Latest news on LULULEMON ATHLETICA INC.
6d ago LULULEMON ATHLETICA : Announces Second Quarter Fiscal 2014 Earnings Conference C..
08/15 CHIP WILSON : Corporate founders battle boards to overturn forced exits
08/08DJU.S. Stocks Rally, End Week in Green
08/08DJStocks Rise on News Russia Ended Military Exercises Near Ukraine
08/08 LULULEMON ATHLETICA : rises as Wilson sells part of his stake
08/08 Analysis - Adidas marketing push an uphill battle against "cool" Nike
08/08 Adidas marketing push an uphill battle against 'cool' Nike
08/08DJStocks Edge Up, Despite Iraq News
08/08DJStocks Fluctuate, Despite Iraq News
08/08DJU.S. Stocks Finish Week With Gains
Advertisement
Chart
Duration : Period :
Lululemon Athletica inc. Technical Analysis Chart | LULU | US5500211090 | 4-Traders
Income Statement Evolution
Lululemon Athletica inc. : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF