The market has been high on Ulta Beauty Inc (ULTA) stock recently. ULTA gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Ulta Beauty Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ULTA!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With ULTA Stock Today?
Ulta Beauty Inc (ULTA) stock is trading at $404.50 as of 1:51 PM on Thursday, Sep 29, a drop of -$4.71, or -1.15% from the previous closing price of $409.21. The stock has traded between $402.67 and $409.61 so far today. Volume today is less active than usual. So far 331,800 shares have traded compared to average volume of 957,515 shares.
More About Ulta Beauty Inc
With more than 1,300 stores and a partnership with Target, Ulta Beauty is the largest specialized beauty retailer in the U.S. The firm offers makeup (43% of 2021 sales), fragrances, skin care, and hair care products (20% of 2021 sales), and bath and body items. Ulta offers private-label products and merchandise from more than 500 vendors. It also offers salon services, including hair, makeup, skin, and brow services, in all stores. Most Ulta stores are approximately 10,000 square feet and are in suburban strip centers. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.
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