Ulta Beauty (ULTA) was one of the more prominent Nasdaq stocks hitting a new 52-week low on Tuesday. While the Nasdaq highs outnumbered the lows 317 to 161, Ulta’s 1.77% drop yesterday brought its 2026 decline to more than 25%.
Not too long ago, it could do no wrong. Now, it’s dragging down the S&P 500. Of the 503 stocks in the index, only 46 have performed worse year-to-date. How the mighty have fallen.