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Prospera Financial Services Inc Sells 6,215 Shares of lululemon athletica inc. $LULU
Prospera Financial Services Inc. significantly reduced its stake in lululemon athletica Inc. (NASDAQ:LULU) by 56% in the third quarter, selling 6,215 shares and retaining 4,875 shares valued at $867,000. This comes amidst analyst mixed ratings, a consensus “Hold,” and recent negative media coverage regarding quality complaints about Lululemon’s leggings. Insider Celeste Burgoyne also sold a substantial number of shares, decreasing her ownership by over 71%.