The retail market in the United States and Canada was not performing well, so many investors began pulling out of retail stocks like lululemon.
On Dec. 7, 2016, lululemon released its financial statement and it reported better results than even the company had predicted. Stocks went up that day.
Its stocks went down in September 2016 and continued for the fall but went up after the third quarter financial statements were published. The results of the statement proved to be better than previously anticipated.
