Michael Burry calls Lululemon his portfolio trickster: why he is buying the crash
Michael Burry is buying Lululemon stock while Wall Street avoids it. The stock has lost more than half its value this year and fell below $100 for the first time since 2018, after weak product launches, falling Americas sales and another guidance cut.
Why it matters — A prominent investor publicly backing the stock during its sharp decline adds notable attention for LULU watchers monitoring the company's recent struggles.