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lululemon athletica inc. $LULU Shares Sold by Pictet Asset Management Holding SA
Pictet Asset Management Holding SA significantly reduced its stake in lululemon athletica inc. by 83.7% in Q4, selling over 317,000 shares. This move aligns with a broader sentiment among analysts, who have mostly assigned “Hold” ratings and lowered price targets for LULU. The article also highlights investor anxiety due to founder Chip Wilson’s activism and governance concerns, contributing to the stock’s slide towards 52-week lows despite a recent earnings beat.