Ralph Lauren Rises, Steve Madden Trades Higher, Ulta Beauty Pops
On this episode of Stock Movers, we focus on retailers for Cyber Monday:
- Ralph Lauren (RL) shares traded higher on Cyber Monday as shoppers embrace the "Ralph Lauren Christmas" viral trend on social media. Last week, the stock hit record highs on November 24th and November 25th.
- Steven Madden (SHOO) also saw its share trade higher. Its acquisition of Kurt Geiger earlier in the year has helped the brand reach new customers.
- Ulta Beauty (ULTA) saw its stock rises as investors await its earnings report on Wednesday. Ulta Beauty also benefited from steady demand on Black Friday weekend.
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