LULU
XNASLULULEMON ATHLETICA INC
2 news · 90d
0 news · vs previous 7d (—)
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News · 2
How did the price react? →- Lululemon settles proxy battle with founder Chip Wilson, agrees to two board nominees
Lululemon has settled a proxy battle with founder Chip Wilson, agreeing to add two of his board nominees. The dispute began in December when Wilson publicly argued the company had lost its strategic direction and required board-level change. The settlement ends the formal proxy contest without a shareholder vote.
- Apr 23 18:23▼ 0.45Investing.comrel 30%S&P 500 Pullback Reflects Valuation Pressure After Record Highs
U.S. equity markets pulled back Thursday after record highs, with the S&P 500 and Nasdaq declining amid geopolitical tensions in the Strait of Hormuz and weak forward guidance from major tech names. IBM and ServiceNow (NOW) missed on forward guidance despite beating quarterly results, while Tesla reversed early gains following a substantial capex increase announcement. The selloff was concentrated in mega-cap tech rather than being broad-based, with oil prices rising on Middle East tensions.