Ulta Magnificence Inc. inventory outperforms market regardless of losses on the day

Shares of Ulta Magnificence Inc. ULTA slid 0.34% to $462.85 Wednesday, on what proved to be an all-around dismal buying and selling session for the inventory market, with the S&P 500 Index SPX falling 0.61% to three,995.32 and Dow Jones Industrial Common DJIA falling 0.42% to 33,966.35. This was the inventory’s second consecutive day of losses. Ulta Magnificence Inc. closed $20.95 beneath its 52-week excessive ($483.80), which the corporate reached on December thirteenth.

The inventory underperformed when in comparison with a few of its opponents Wednesday, as Goal Corp. TGT rose…