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 ATHLE : stretches its earnings
7d ago THURSDAY SECTOR : Trucking, Apparel Stores
7d ago Solid U.S. retail sales point to firming economic recovery
SummaryChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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.
6d ago LULULEMON ATHLETICA : stretches its earnings
7d ago THURSDAY SECTOR LEADERS : Trucking, Apparel Stores
7d ago Solid U.S. retail sales point to firming economic recovery
7d ago Lululemon profit beats on lower costs, but revenue outlook cut
7d agoDJLululemon Posts Better-Than-Expected Profit -- 2nd Update
7d ago LULULEMON ATHLETICA : earns fall but beats 3Q expectations
7d agoDJU.S. HOT STOCKS : Hot Stocks to Watch
7d ago LULULEMON ATHLETICA : Q3 profit falls less than expected but guidance short of e..
7d agoDJLululemon Projects Soft Holiday Quarter
12/11 LULULEMON ATHLETICA : Announces Third Quarter Fiscal 2014 Results
Advertisement
Chart
Duration : Period :
Lululemon Athletica inc. Technical Analysis Chart | LULU | US5500211090 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF