Why Ulta Beauty Stock Rose 6.4% on Friday
After falling 4.7% in after-hours trading on August 30, Ulta Beauty (ULTA) stock surged 6.4% on August 31. The rise in Ulta Beauty’s stock price on August 31 came after the company announced its partnership with Kylie Cosmetics. In its second-quarter conference call, Ulta Beauty CEO Mary Dillon mentioned that the company would be offering Kylie Cosmetics in all stores and online by the holiday season.