Raiffeisen Bank International AG Sells 75,539 Shares of lululemon athletica inc. $LULU

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Raiffeisen Bank International AG significantly reduced its stake in lululemon athletica inc. by selling 75,539 shares in Q3, retaining 9,434 shares worth $1.69 million. This divestment represents an 88.9% cut in their position. Additionally, lululemon insider Celeste Burgoyne sold 13,511 shares, decreasing her holdings by over 71%. Despite lululemon beating Q3 earnings expectations, analysts maintain a “Hold” rating with an average target price of $227.05.

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