The stock is down 10% following the company releases its projections for investor day. The projections are well below what the consensus was and the stock is being hammered. Projections are far more conservative with single digit growth expected versus double-digit growth estimated. Sellers are having their way today and dumping shares.
As members know I am holding a number of positions in Ulta Beauty Stock (ULTA). Here are the trades done this afternoon as the stock continued to tumble.
The rest of this trade alert and ideas article is for FullyInformed Members.
Ulta Beauty Stock (ULTA) Collapse – 7th Trade Alert and Idea for Tue Oct 19 2021
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.