ULTA Jun 2024 600.000 put
| Previous close | 53.10 |
| Open | 53.10 |
| Bid | 153.80 |
| Ask | 161.90 |
| Strike | 600.00 |
| Expiry date | 2024-06-21 |
| Day's range | 53.10 - 53.10 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
- Yahoo Finance Video
Prestige cosmetics are on the rise: Top beauty trends
The beauty sector continues to grow amid a tumultuous market and weakened consumer spending. Orveon Global CEO Neela Montgomery joins Yahoo Finance to discuss some of the latest beauty trends and new opportunities for growth. "We're seeing a very strong Q1 in the prestige cosmetics space," Montgomery tells Julie Hyman, adding that prestige cosmetics are growing at a much faster rate than the mass beauty market. Despite tightening consumer wallets, she explains that consumers turn to prestige products for consistent quality, which brands should not lose sight of. She also highlights the power and influence social media has on the beauty sector, as one viral makeup video could spark an industry-wide sensation causing product sales to surge. Alongside social media as a powerful tool for the industry, Montgomery points to Amazon as a "force in beauty" that has allowed Orveon's BareMinerals brand to double its sales. Department stores also continue to provide steady growth for beauty brands. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Melanie Riehl
ZacksUlta Beauty (ULTA) Stock Drops Despite Market Gains: Important Facts to Note
Ulta Beauty (ULTA) closed at $394.88 in the latest trading session, marking a -0.63% move from the prior day.
- Yahoo Finance Video
Why the denim comeback is bad news for LuluLemon: Analyst
Wide-leg and denim styles are making a comeback in the fashion world. However, as the trend returns, questions arise about its implications for athleisure companies like Lululemon (LULU). Barclays' Consumer Discretionary Analyst Adrienne Yih joins Market Domination to discuss the potential impact of this fashion shift. Yih notes that denim is experiencing a resurgence after nearly 17 years — with jeggings, skinny jeans, and athleisure dominating recent trends. She suggests that the economy is in the "early adoption to mass adoption" phase of wide-leg denim, signaling a shift in consumer preferences. While athleisure companies like Lululemon offer wider-leg options for comfort, Yih emphasizes that "the actual trend is grounded in denim." Consequently, she believes consumers will spend more on brands specializing in denim offerings, such as American Eagle (AEO). For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
