LULU is trading 4% up today at $116.58 after famed investor Michael Burry issued a bullish thesis framing the stock as an unfairly punished value opportunity.
- In a Substack note, Burry argued that recent price weakness is overdone and downplayed competitive threats from rivals like Alo and Vuori.
- Investors are responding to the high-profile endorsement and a positive reassessment of Lululemon’s long-term growth prospects.
- The stock is currently seeing a strong rebound, significantly outperforming the modest gains observed in the broader market.