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Michael Burry rebuying Lululemon and adding Adobe, PayPal

Investing.com +1 · ·by G4L

LULU
LULU Lululemon Athletica Inc
$107.45 -2.65%
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  1. 1Michael Burry rebought Lululemon shares following a 4% drop in the stock price on Wednesday.
  2. 2He expressed confidence in Lululemon's research and product development capabilities, evaluating it as a good choice with limited downside risk at current prices.
  3. 3Michael Burry also added shares of Adobe, PayPal, JD.com, MercadoLibre, and Sprouts Farmers Market.

So what's the key point?

Michael Burry bought Lululemon shares again after the stock price fell 4%. He believes in their product development abilities and thinks the risk of further price drops is low at the current price.

Source Investing.com +1 · View original ↗

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