LULU is trading up 4.02% at $159.26 as it rides strong broad market momentum fueled by Iran de-escalation hopes and signals from the Trump administration.
- The stock is extending gains from yesterday's 4.99% rise off $153.10, which followed an activist letter from founder Chip Wilson pushing for board changes.
- Today's move tracks a wider market rally, with the S&P 500 up 1.13% and the NASDAQ up 1.66%.
- No fresh company-specific news was reported today, with the price action largely driven by macro factors.