Lululemon's stock tumbles as volume spikes after profit outlook cut
Lululemon Athletica Inc.'s stock tumbled 13% in very active afternoon trade Wednesday, in the wake of fiscal third-quarter results, and a lowered outlook for the current quarter. That put the stock on track for the biggest percentage loss since Sept. 10, when it plunged 16% after second-quarter results. With about an hour left in the session, volume was 17.4 million shares, or about five times the full-day average of 3.4 million shares, according to FactSet. Analyst Andrew Burns of D.A. Davidson & Co. Читать дальше...