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An Analysis of Ulta Beauty Inc (ULTA)’s Potential Price Growth

Ulta Beauty Inc’s recent filing unveils that its Director Halligan Catherine Ann unloaded Company’s shares for reported $39008.0 on Jul 02 ’24. In the deal valued at $390.08 per share,100 shares were sold. As a result of this transaction, Halligan Catherine Ann now holds 2,017 shares worth roughly $0.76 million.

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Then, Caro Jodi J sold 650 shares, generating $252,639 in total proceeds. Upon selling the shares at $388.68, the GC, Chief Risk & Compl. Ofc. now owns 6,801 shares.

Before that, MRKONIC GEORGE R JR sold 397 shares. Ulta Beauty Inc shares valued at $154,568 were divested by the Director at a price of $389.34 per share. As a result of the transaction, MRKONIC GEORGE R JR now holds 2,000 shares, worth roughly $0.76 million.

TD Cowen downgraded its Ulta Beauty Inc [ULTA] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in early September with a ‘”a Sell”‘ rating. Loop Capital also remained covering ULTA and reiterated its “Buy” recommendation on September 03, 2024. Telsey Advisory Group maintained its rating on August 30, 2024. It rated ULTA as “an Outperform”.

Price Performance Review of ULTA

On Friday, Ulta Beauty Inc [NASDAQ:ULTA] saw its stock jump 2.35% to $377.65. Over the last five days, the stock has gained 1.17%. Ulta Beauty Inc shares have fallen nearly -22.93% since the year began. Nevertheless, the stocks have risen 0.58% over the past one year. While a 52-week high of $574.76 was reached on 03/14/24, a 52-week low of $318.17 was recorded on 08/12/24. SMA at 50 days reached $376.83, while 200 days put it at $421.44.

Levels Of Support And Resistance For ULTA Stock

The 24-hour chart illustrates a support level at 372.10, which if violated will result in even more drops to 366.54. On the upside, there is a resistance level at 380.83. A further resistance level may holdings at 384.00. The Relative Strength Index (RSI) on the 14-day chart is 52.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.11%. Stochastics %K at 78.65% indicates the stock is a holding.

How much short interest is there in Ulta Beauty Inc?

A steep rise in short interest was recorded in Ulta Beauty Inc stocks on 2024-10-15, dropping by -0.83 million shares to a total of 2.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.88 million shares. There was a decline of -40.1%, which implies that there is a negative sentiment for the stock.

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