Ulta Salon, Cosmetics & Fragrance, Inc. ULTA shares are trading lower by $0.41 at $257.00 in Friday's session. Despite a Q3 beat for for EPS and and sales and raised Q4 guidance, the issue was under major selling pressure.
After a much higher open, it peaked in the first two minutes of the session at $273.90 and sharply reversed course. In a straight down manner, it swooned all the way to $244.75 by 10:20 a.m. ET, but rebounded back into the mid-$250 handle.
That low came in between its November 16 low ($242.57) and its November 17 low ($246.12).
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