BlackBerry ADR Saw a Massive Increase in Volume and Ulta Beauty Announced a Long-Term Update 💄

Table of Contents

BlackBerry ADR Saw a Massive Increase in Volume and Ulta Beauty Announced a Long-Term Update

BlackBerry ADR

BlackBerry is a Canadian tech company that provides security software to governments all around the world. They are also known for their old flip phones, which were used a lot before the iPhone arrived, and they have a market cap of $6.558 billion.

On Tuesday, there was a massive spike in volume for BlackBerry. There were 29.2 million shares of BlackBerry traded on the New York Stock Exchange, and it came because of the stock gaining traction on subreddit Wall Street Bets, where the company’s mentions rose by 139 percent. BlackBerry is one of the stocks they’ve been targeting for a while due to its high short interest, so a spike in volume could lead to some big movements. That is exactly what happened as BlackBerry closed the day at $11.52, up 14.06%.

Ulta Beauty

Ulta is a retail company that sells beauty products at its retail stores across the nation. They also have an online platform that they can sell on, so it gives the Illinois-based company a double headed business that contributes to their market cap of $19.751 billion.

Ulta announced a new long-term update for the company, and some parts were questionable. They forecasted net sales growth of 7 percent annually through 2024, and store sales to increase by 3 to 5 percent annually in the coming years. Earnings are supposed to grow at around 6 to 9 percent, and operating profits will increase by double digits. This all seems good, but it’s a lot more modest than the last long term update they released in 2018, which has investors puzzled as they bought in for future growth. As stocks often price in these future gains, Ulta investors were shocked, and the price fell to $363.35, down 10.58%.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
From One Rock to Another 🚀

NASA’s OSIRIS-REx mission, after a seven-year journey, successfully captured and delivered asteroid samples.

Too Much Debt  💳

Rising credit card debt and delinquencies have created losses for credit card companies.

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.