Why Ulta Beauty Shares Are Trading Lower By Around 14%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
Written by Emily J. Thompson, Senior Investment Analyst
Source: Business Insider
- Ulta Beauty Stock Decline: Ulta Beauty, Inc. (NASDAQ:ULTA) shares dropped 13.7% to $448.08 after issuing a weak outlook at the J.P. Morgan Retail Roundup investor conference.
- Gainers in Mid-Day Session: Several stocks surged during the mid-day session, including ARCA biopharma, Kintara Therapeutics, Next Technology Holding, Vanda Pharmaceuticals, VivoPower International, and others.
- Losers in Mid-Day Session: Stocks like Casa Systems, View, Sintx Technologies, GCT Semiconductor Holding, FibroGen, and more experienced significant declines.
- Specific Company Updates: Companies like American Battery Technology, Signet Jewelers, Esperion Therapeutics, and others saw stock price movements due to various reasons such as tax credits, raised guidance, or financial results.
- Market Trends: Intel Corporation faced a decline after outlining a new financial framework for its foundry business, while e.l.f. Beauty fell following Ulta Beauty's weak guidance at a conference.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
