🟢 LULU rallies 4.03% amid broad market gains and founder's activist letter

LULU is trading 4.03% up today at $151.71, benefiting from a strong market rally and a renewed activist push from its founder.

• Lululemon founder Chip Wilson issued a new letter to shareholders on March 31, calling for board and leadership changes at the company. [11]
• The broader market rallied, with the Nasdaq Composite surging over 2%, after Fed Chair Jerome Powell suggested the central bank would not rush to raise interest rates despite energy price shocks. [1, 2, 16]
• The move provides a rebound for the stock, which has been under pressure following disappointing fiscal 2026 guidance issued on March 17. [17, 19, 20]