Lululemon Athletica's (LULU.O), opens new tab shares fell 4% in premarket trade on Thursday, after the struggling retailer announced former top Nike executive Heidi O'Neill as its next CEO, ending a months-long search marked by pressure from an activist investor and the company's founder.
Lululemon is facing growing investor concern as its search for a permanent CEO continues, even after appointing a seasoned retail executive to its board.
Lululemon Athletica shares surged nearly 8% in premarket trading Thursday after reports that activist investor Elliott Management has acquired a $1 billion stake and is backing former Ralph Lauren executive Jane Nielsen for a potential CEO role.
18 Mar 2026-14:56
18 Dec 2025-17:15
