Summary by Futu AI
Lululemon Athletica Inc. (LULU) reported that its Chief Financial Officer, Meghan Frank, completed a purchase of company stock on June 7, 2024. The transaction involved the acquisition of 157 shares of common stock at a price of $317.86 per share. Following this transaction, Frank's direct holdings in Lululemon Athletica increased to a total of 11,045 shares. The transaction is part of a grant, award, or other acquisition, as indicated by the transaction code 'A'. This financial activity demonstrates a positive commitment by the CFO to the company, as insider purchases are often seen as a sign of confidence in the company's future performance.