Ulta Beauty Stock Rallies on C-Suite Shakeup, Upbeat Outlook
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Ulta Beauty Inc (NASDAQ:ULTA) stock rose by 4.5% to $450.70 following the announcement that COO Kecia Steelman will succeed CEO Dave Kimbell, who retired after 11 years with the company.
January 07, 2025 | 4:00 pm
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Ulta Beauty's stock increased by 4.5% after announcing a leadership change, with COO Kecia Steelman taking over as CEO following Dave Kimbell's retirement.
The stock price increase indicates a positive market reaction to the leadership change. Investors may view the new CEO as capable of continuing or enhancing the company's performance, leading to a short-term price increase.
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