Before The Bell
FONT-SIZE Plus   Neg

Ulta Salon, Cosmetics & Fragrance (ULTA) Fell To A 3-Month Low After CEO Departs

Trade ULTA now with 

Ulta Salon, Cosmetics & Fragrance (ULTA: Quote) announced Thursday morning that Chuck Rubin will step down as President and Chief Executive Officer and as a director, effective February 21, 2013, to become Chief Executive Officer at Michaels Stores. The company said that its board has appointed Dennis Eck, current Non-Executive Chairman of the Board of Directors, as Interim Chief Executive Officer.

Ulta Salon gapped open sharply lower Thursday, but traded in a range throughout the session. The stock finished with a loss of 11.69 at $87.80 on the highest volume of the year. Ulta Salon sank to a 3-month low and dropped below both its 50 and 200-day moving averages.

Click here to receive FREE breaking news email alerts for Ulta Salon, Cosmetics & Fragrance, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback:

Business News

comments powered by Disqus