Activist heavyweight Elliott just took a $1B+ stake in $LULU, and Wall Street loved it the stock jumped ~7% right away. Elliott is reportedly pushing for change and even lining up a potential new CEO. They think $LULU still has a strong brand, pricing power, and loyal fans, but the execution’s been off lately. Activists don’t step in unless they see real value being left on the table. If leadership gets sharper and strategy tightens up, $LULU could be setting up for a real comeback arc.