Biggest Stock Movers Today: LULU, DELL, ULTA, and More
Key Stats
- LULU (Lululemon Athletica) stock surged 12% after reporting strong earnings.
- DELL (Dell Technologies) stock jumped 6% on news of a potential acquisition.
- ULTA (Ulta Beauty) stock rose 4% after announcing a new partnership with a major retailer.
What's Driving the Moves?
LULU (Lululemon Athletica)
LULU stock is up today after the company reported strong earnings for the fourth quarter of 2022. The company beat analysts' expectations on both revenue and earnings per share.
LULU's revenue increased by 26% year-over-year to $2.1 billion. The company's online sales grew by 32% during the quarter.
LULU's earnings per share came in at $4.22, which was ahead of analysts' estimates of $4.06.
DELL (Dell Technologies)
DELL stock is up today on news that the company is in talks to acquire VMware, a cloud computing company.
The deal, which would be valued at $100 billion, would combine two of the largest players in the technology industry.
DELL is reportedly offering a combination of cash and stock for VMware.
ULTA (Ulta Beauty)
ULTA stock is up today after the company announced a new partnership with Target.
The partnership will allow ULTA to open shop-in-shops inside Target stores.
This will give ULTA access to a wider customer base and help the company expand its reach.
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