Ulta Beauty jumps as Berkshire builds stake

Heico

15/08/2024 10:17

** Ulta Beauty  ULTA.O  shares up 15.6% at $380.40 premarket
    ** Warren Buffett's Berkshire Hathaway  BRKa.N  acquires
stake in cosmetics store chain worth $185.4 million as of June
30
    ** HEI up 8.2% in low premarket volume
    ** Berkshire also bought shares of aircraft parts maker
Heico  HEI.N  in Q2 when it nearly halved its stake in Apple
 AAPL.O 
    ** Ulta Beauty and Heico were among Berkshire's few
purchases in a quarter marked by a hasty retreat from stocks
    ** ULTA has lost nearly a third of its value this year,
while HEI is up 39% YTD

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))