Lululemon Stock (NASDAQ: LULU) Today: Elliott’s $1B Stake, CEO Transition, Tariff Headwinds and 2026 Expansion Fuel Fresh Debate
Lululemon shares fell to the low-$210s on Dec. 19 after a rally earlier in the week, following news that CEO Calvin McDonald will step down Jan. 31, 2026. Activist investor Elliott Management disclosed a stake worth over $1 billion and is pushing for a new CEO. The company reported strong quarterly results but issued a cautious outlook due to tariffs and regulatory changes. Lululemon also announced record international expansion plans for 2026.