The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ulta Beauty Inc shares valued at $11,027,871 were sold by Steelman Kecia on Mar 19 ’24. At $526.39 per share, Steelman Kecia sold 20,950 shares. The insider’s holdings dropped to 10,494 shares worth approximately $5.49 million following the completion of this transaction.
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Also, Ryan Anita Jane sold 3,102 shares, netting a total of over 1,629,338 in proceeds. Following the sale of shares at $525.25 each, the insider now holds 2,705 shares.
Before that, Halligan Catherine Ann had sold 500 shares from its account. In a trade valued at $263,131, the Director traded Ulta Beauty Inc shares for $526.26 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $0.87 million.
As published in a research note from JP Morgan on February 15, 2024, Ulta Beauty Inc [ULTA] has been retained to an Overweight and the price target has been revised to $600. Analysts at Loop Capital downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid February. As of November 07, 2023, Evercore ISI has initiated its “an Outperform” rating for ULTA. Earlier on June 13, 2023, Loop Capital upgraded its rating. Their new recommendation was “a Buy” for ULTA stock which previously was a “a Hold”.
Analyzing ULTA Stock Performance
During the last five days, there has been a drop of approximately -7.41%. Over the course of the year, Ulta Beauty Inc shares have jumped approximately 6.85%. Shares of the company reached a 52-week high of $574.76 on 03/14/24 and a 52-week low of $464.81 on 01/05/24. A 50-day SMA is recorded $521.23, while a 200-day SMA reached $455.31. Nevertheless, trading volume fell to 0.95 million shares from 0.69 million shares the previous day.
Support And Resistance Levels for Ulta Beauty Inc (ULTA)
According to the 24-hour chart, there is a support level at 519.49, which, if violated, would cause prices to drop to 515.42. In the upper region, resistance lies at 529.36. The next price resistance is at 535.17. RSI (Relative Strength Index) is 41.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -18.36, which suggests the price will decrease in the coming days. Percent R is at 70.58%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Ulta Beauty Inc subject to short interest?
Stocks of Ulta Beauty Inc saw a sharp steep in short interest on Feb 29, 2024 dropping by 50000.0 shares to 1.43 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 1.48 million shares. A decline of -3.5% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.39 of the overall float, the days-to-cover ratio (short ratio) decline to 2.39.
