- October 22, 2021
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Ulta Beauty Inc (ULTA) stock is down 7.27% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock’s trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver‘s Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What’s Happening With ULTA Stock Today?
Ulta Beauty Inc (ULTA) stock is trading at $366.58 as of 10:46 AM on Wednesday, Oct 20, a rise of $3.23, or 0.89% from the previous closing price of $363.35. The stock has traded between $362.21 and $367.28 so far today. Volume today is low. So far 510,542 shares have traded compared to average volume of 701,427 shares. To see InvestorsObserver’s Sentiment Score for Ulta Beauty Inc click here.
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.
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