High-end athletic apparel maker Lululemon (NASDAQ:LULU) had a huge rally Monday of 8.43% ($6.63), which was enough to push the stock to a new all-time high. The company also announced a two for one stock split. The split was announced after the close, however, while the stock obviously made its big move higher during regular trading hours on no significant news. Surely no one caught wind of the split announcement early, right?
Below is a chart of Lululemon over its entire trading history. The company went public at a very inopportune time in July 2007 just months before the start of the bear market that cut global equity markets in half. While LULU struggled during the financial crisis along with everything else, the company has thrived during the recovery, gaining 1,826% from its low made in March 2009. The stock is now up 380.5% from its IPO price of $18.