Large Inflow of Money Detected in Ulta Salon Cosmetics & Fragrance

Ulta Salon Cosmetics & Fragrance (ULTA) : Wednesdays money flow data in Ulta Salon Cosmetics & Fragrance (ULTA) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $12.29 million, whereas, $11 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.12, in favor of the bulls. The total money flow into the stock was $1.3 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0.1 million. The total value of block trades done on upticks was $0.1 million. Ulta Salon Cosmetics & Fragrance (ULTA) fell $0.98 and traded at $255.93, down -0.38% for the day, over previous days close. On a weekly basis, the shares are 0.05% over the previous weeks close.


Also, In the latest statement by the brokerage house, Jefferies maintains its outlook on Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm raises the price target from $180 per share to $215 per share. The rating by the firm was issued on May 27, 2016.

Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA): The stock opened at $257.42 on Wednesday but the bulls could not build on the opening and the stock topped out at $257.54 for the day. The stock traded down to $255.68 during the day, due to lack of any buying support eventually closed down at $255.80 with a loss of -0.43% for the day. The stock had closed at $256.91 on the previous day. The total traded volume was 481,763 shares.

The stock has recorded a 20-day Moving Average of 3.79% and the 50-Day Moving Average is 9.89%. In a related news, The Securities and Exchange Commission has divulged that Diromualdo Robert F, director of Ulta Salon, Cosmetics & Fragrance, Inc., had unloaded 2,500 shares at an average price of $237.09 in a transaction dated on June 3, 2016. The total value of the transaction was worth $592,725.

Ulta Salon, Cosmetics & Fragrance, Inc. (Ulta) is a beauty retailer. The Company provides salon products and salon services in the United States. It offers a combination of more than 20,000 prestige and mass beauty products. As of January 31, 2015, it operated 774 stores in 47 states. The Company offers products in the categories, including cosmetics, which includes products for the face, eyes, cheeks, lips and nails; haircare, which includes shampoos, conditioners, styling products and hair accessories; salon styling tools, which includes hair dryers, curling irons and flat irons; skincare and bath and body, which includes products for the face, hands and body; fragrance; nail polish and nail care products; mens skincare, haircare and fragrance products; private label, consisting of Ulta branded cosmetics, skincare, bath and body products and haircare, and other health and beauty products.

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