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Shares of Lululemon (LULU) dip 1.2% premarket off of news that Chairman Dennis Wilson is looking...

Shares of Lululemon (LULU) dip 1.2% premarket off of news that Chairman Dennis Wilson is looking to sell up to 3.4M shares of the company. The buzz from traders is that the insider sale when combined with an ongoing CEO search gives the appearance that no one has a firm handle on the retailer's rudder.
Comments (3)
  • againstallodds
    , contributor
    Comments (25) | Send Message
     
    It's hard to imagine any other reason right now. If he wasn't straight jumping ship he would never be this dumb to sell so many shares right now. I'm an upset shareholder. I bought after the dip when Day left and I hope this thing turns around when they find a new CEO but i'm getting worried.
    5 Jul 2013, 11:52 AM Reply Like
  • corgistan
    , contributor
    Comments (4) | Send Message
     
    plot twist: purposely driving stock price down to provide new CEO upside
    5 Jul 2013, 02:21 PM Reply Like
  • meta9999
    , contributor
    Comments (157) | Send Message
     
    Nah, there's better ways to drive down the price than that. Besides, who would be dumb enough to sell over 3M shares if they knew the stock would rally. Sounds to me like there's more yet to be revealed here. Abrupt CEO departure, now this??? Maybe cooked books, maybe the end of inflated margins, maybe some major shareholder lawsuits coming... who knows?
    15 Jul 2013, 12:24 AM Reply Like
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