Famed "Big Short" investor Michael Burry compared Lululemon Athletica Inc.
(NASDAQ:LULU) to GameStop Corp.
(NYSE:GME), saying the apparel maker is the most hated stock he has owned since taking a position in the video-game retailer in 2019.
"The last time I owned a stock as hated as $LULU was $GME in 2019," Burry said in a post on X Sunday, drawing a parallel between the embattled apparel maker and one of Wall Street's most famous contrarian trades.
Why Investors Have Turned On Lululemon Shares of Lululemon plunged on Friday after the athleisure apparel maker's latest earnings gave investors little confidence that a turnaround is imminent.
