Why Ulta Beauty Stock Lost 32% in August
Ulta Beauty (NASDAQ: ULTA) stock trailed the market by a wide margin last month by shedding 32% compared to a 2% decrease in the S&P 500, according to data provided by S&P Global Market Intelligence.
The slump pushed shares, which had been comfortably ahead of the market's 16% increase in 2019, to modest losses on the year.
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Source Fool.com
