Lululemon Athletica Inc. ( LULU ) shares are moving higher on Thursday, along with other retail stocks, after Walmart ( WMT ) reported strong 2024 fiscal year second quarter earnings before the market opened Thursday.

The Details: Walmart ( WMT ) reported EPS of 67 cents beating analysts estimate of 64 cents and revenue of $169.33 billion beating analysts estimate of $168.56 billion.

What Else: Lululemon is expected to report earnings in two weeks on Aug. 29. Analysts estimate EPS of $2.95 and revenue of $2.41 billion.

Lululemon shares are trading at about $257.07 as of Thursday morning, moving below its 50-day moving average of $283.80. Its 52-week range is between $226.01 and $516.39 and its average session volume is 2.59 million. The stock’s Thursday session volume is 860.77 thousand at the time of publication.

How To Buy Lululemon Stock

By now you're likely curious about how to participate in the market for Lululemon – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the case of Lululemon, which is trading at $253.22 as of publishing time, $100 would buy you 0.39 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource.

Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

See Also: Walmart ( WMT ) Q2 Earnings: E-commerce and Advertising Businesses Fuel Revenue And Profit Beat, Hikes Annual Guidance

LULU Price Action: At the time of writing, Lululemon stock is trading 5.02% higher at $252.67 per data from Benzinga Pro.

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