🔴 LULU is trading 4.1% down today after naming former Nike executive Heidi O'Neill as CEO

LULU is trading at $156.68 (-4.14%) in pre-market after naming former Nike executive Heidi O'Neill as its next CEO, effective September 8.

• The appointment concludes a turbulent four-month search involving activist investor Elliott Management.
• Shares previously slid 5.8% in after-hours trading to $154.01, extending a drop from yesterday's $163.45 close.
• The downward move aligns with a broader market decline, with S&P 500 futures currently down 0.34%.