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 $39,008 were sold by Halligan Catherine Ann on Jul 02 ’24. At $390.08 per share, Halligan Catherine Ann sold 100 shares. The insider’s holdings dropped to 2,017 shares worth approximately $0.81 million following the completion of this transaction.
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Also, Caro Jodi J sold 650 shares, netting a total of over 252,639 in proceeds. Following the sale of shares at $388.68 each, the insider now holds 6,801 shares.
Before that, MRKONIC GEORGE R JR had sold 397 shares from its account. In a trade valued at $154,568, the Director traded Ulta Beauty Inc shares for $389.34 each. Upon closing the transaction, the insider’s holdings decreased to 397 shares, worth approximately $0.81 million.
As published in their initiating research note from B. Riley Securities on September 10, 2024, Ulta Beauty Inc [ULTA] has been a Sell and the price target has been revised to $300. Analysts at Loop Capital resumed the stock at ‘”a Buy”‘ outlook in a report released in early September. As of August 30, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for ULTA. Earlier on August 30, 2024, Raymond James downgraded its rating. Their new recommendation was “an Outperform” for ULTA stock which previously was a “a Strong buy”.
Analyzing ULTA Stock Performance
During the last five days, there has been a surge of approximately 8.17%. Over the course of the year, Ulta Beauty Inc shares have dropped approximately -17.81%. Shares of the company reached a 52-week high of $574.76 on 03/14/24 and a 52-week low of $318.17 on 08/12/24. A 50-day SMA is recorded $369.05, while a 200-day SMA reached $438.09. Nevertheless, trading volume fell to 1.32 million shares from 1.41 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 397.15, which, if violated, would cause prices to drop to 391.59. In the upper region, resistance lies at 408.51. The next price resistance is at 414.31. RSI (Relative Strength Index) is 67.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 22.17, which suggests the price will increase in the coming days. Percent R is at 9.02%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
