Lululemon Athletica (LULU) Up 3% After Stock Split News
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Shares of Lululemon Athletica Inc. (Nasdaq: LULU) are up 3.3 percent after announcing a 2-for-1 stocks split after the close.
Stockholders will have the opportunity to approve Lululemon's stock split and proposed share increase at the Company's annual meeting expected to be held on June 8, 2011.
Traders may want to keep an eye on other high-flying momo stocks on this news to see if they follow suit with their own stock splits: OpenTable, Inc. (Nasdaq: OPEN), Netflix, Inc. (Nasdaq: NFLX), and Travelzoo Inc. (Nasdaq: TZOO) are a few.
Also, Apple (Nasdaq: AAPL), Amazon.com (Nasdaq: AMZN), Google (Nasdaq: GOOG) and priceline.com (Nasdaq: PCLN), Salesforce.com (NYSE: CRM) and Chipotle Mexican Grill, Inc. (NYSE: CMG) have been on split-watch for some time to no avail.
Green Mountain Coffee Roasters Inc. (Nasdaq: GMCR) and Baidu, Inc. (Nasdaq: BIDU) have had stock splits over the past year, but their stock prices could justify another.
Stockholders will have the opportunity to approve Lululemon's stock split and proposed share increase at the Company's annual meeting expected to be held on June 8, 2011.
Traders may want to keep an eye on other high-flying momo stocks on this news to see if they follow suit with their own stock splits: OpenTable, Inc. (Nasdaq: OPEN), Netflix, Inc. (Nasdaq: NFLX), and Travelzoo Inc. (Nasdaq: TZOO) are a few.
Also, Apple (Nasdaq: AAPL), Amazon.com (Nasdaq: AMZN), Google (Nasdaq: GOOG) and priceline.com (Nasdaq: PCLN), Salesforce.com (NYSE: CRM) and Chipotle Mexican Grill, Inc. (NYSE: CMG) have been on split-watch for some time to no avail.
Green Mountain Coffee Roasters Inc. (Nasdaq: GMCR) and Baidu, Inc. (Nasdaq: BIDU) have had stock splits over the past year, but their stock prices could justify another.
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