Mixed Insider and Institutional Capital Flow

Michael Burry remains publicly patient and reportedly considers LULU attractive below $100, while Charles Bergh, BlackRock, Deutsche Bank, Formula Growth, and other institutions provide contrarian support. Wellington Management's reported 98.5% stake reduction, fund reductions, Soros's exit, and roughly $1.4 million of net insider selling remain significant offsets; recent articles add no materially new flow evidence.