Lululemon Stock Gains 5% As Sportswear Brand Joins S&P 500

Lululemon Athletica Inc. will replace Activision Blizzard Inc. in the S&P 500. S&P 500 and S&P 100 constituent Microsoft Corp. (NASD: MSFT) acquired Activision Blizzard in a transaction completed on October 13. The changes become effective on Oct. 18.

Lululemon shares gained 5% in premarket trading Monday.

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# Lululemon jumps 10%! Have you bought the product?

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