Lululemon stock today: LULU climbs after founder Chip Wilson kicks off board challenge
Lululemon shares rose 1.7% to $212.54 Monday after founder Chip Wilson nominated three directors, signaling a possible proxy fight. The move comes as CEO Calvin McDonald prepares to step down Jan. 31, with interim co-CEOs named. Activist Elliott Management holds a stake over $1 billion. The board urged shareholders to await further recommendations.