Ulta Slips, GameStop Climbs, Medtronic Gains
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Ulta (ULTA) shares slid in trading as analysts note the retailer's annual guidance implies a weaker outlook than expected for the end of the year.
- GameStop (GME) shares continued to rally in trading on Wednesday after it reported a record quarterly profit driven by its collectibles business after the bell on Tuesday. The results were aided by a decline in expenses and a 65% increase in its collectibles business. The retailer has been looking to sell more items such as Pokemon cards and action figures as consumers increasingly buy video games outside of physical stores.
- Medtronic (MDT) shares gained after the medical devices maker reported revenue for the fourth quarter that beat expectations.
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