Is Ulta Beauty Inc (ULTA) a Stock to Watch After Gaining 3.53% This Week?

Ulta Beauty Inc (ULTA) stock is up 3.53% over the past week and gets a Bullish rating from InvestorsObserver 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!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With ULTA Stock Today?

Ulta Beauty Inc (ULTA) stock is trading at $382.97 as of 12:49 PM on Monday, Oct 11, a gain of $4.60, or 1.22% from the previous closing price of $378.37. The stock has traded between $378.69 and $386.26 so far today. Volume today is light. So far 245,668 shares have traded compared to average volume of 600,953 shares.

More About Ulta Beauty Inc

Ulta Beauty is the largest specialized beauty retailer in the U.S. with approximately 1,300 stores. The firm offers makeup (44% of 2020 sales), fragrances, skincare, and haircare (20% of 2020 sales) products, 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. Click Here to get the full Stock Report for Ulta Beauty Inc stock.