Warren Buffett's Influence on Ulta Beauty
Ulta Beauty's stock saw a 14% surge in after-hours trading, driven by news that Berkshire Hathaway acquired 690,106 shares, valuing their stake at $266.3 million as of late June. This investment by Warren Buffett's conglomerate signals confidence in the cosmetics retailer, despite a challenging period where Ulta's shares had fallen 42% from their peak in March.
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