Why Ulta Beauty Stock Was Sliding This Week
Shares of Ulta Beauty (NASDAQ: ULTA) were pulling back this week after the beauty retailer gave downbeat guidance in an investor conference with JPMorgan Chase on Wednesday. CEO Dave Kimbell noted a slowdown across the company's product categories several times at the investor conference. As a result, the stock was down double digits on Wednesday.
As of Thursday at 12:28 p.m. ET, the stock was down 13.2% for the week, according to data from S&P Global Market Intelligence.
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Source Fool.com
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