Lululemon Athletica to Join S&P 500 Index

Lululemon Athletica will join the S&P 500 index before the stock market opens on October 18.

Stocks added to the S&P 500 and other benchmarks often see a solid near-term boost as investors add their shares to funds that track the major indices.

Lululemon, which went public in 2007, has a market value of around $48 billion.

Earlier this summer, Lululemon lifted its forecast full-year revenues to between $9.51 billion and $9.57 billion following better-than-expected second-quarter earnings compared with muted outlooks from rivals including Nike and Adidas.

The company will replace Activision Blizzard, the gaming company acquired by Microsoft.

Photo courtesy Lululemon

 

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