Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $0.68 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 $0.68 million.
As published in a research note from William Blair on November 21, 2024, Ulta Beauty Inc [ULTA] has been rated down from an Outperform to a Mkt perform. Analysts at TD Cowen downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late September. As of September 10, 2024, B. Riley Securities has initiated its “Sell” rating for ULTA. Earlier on September 03, 2024, Loop Capital resumed its rating. Their recommendation was “a Buy” for ULTA stock.
Analyzing ULTA Stock Performance
During the last five days, there has been a drop of approximately -11.49%. Over the course of the year, Ulta Beauty Inc shares have dropped approximately -30.86%. 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 $377.61, while a 200-day SMA reached $412.75. Nevertheless, trading volume fell to 1.3 million shares from 0.82 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 333.73, which, if violated, would cause prices to drop to 328.69. In the upper region, resistance lies at 341.83. The next price resistance is at 344.89. RSI (Relative Strength Index) is 28.76 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -30.13, which suggests the price will decrease in the coming days. Percent R is at 89.03%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
