Stock Movers Ulta Beauty Sinks, Bumble Soars, Adobe Drops
Mar 12, 2026
Avalon Purnell, Bloomberg equities reporter who covers corporate movers, breaks down big stock swings. Ulta’s cautious guidance spooked investors. Adobe’s solid quarter was clouded by its CEO exit and AI questions. Bumble surged after a strong EBITDA outlook and plans for AI-powered matchmaking.
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Ulta's Guidance Raises Consumer Health Questions
- Ulta's late trading drop reflected a narrow miss on Q4 EPS and a full-year EPS midpoint below estimates.
- Avalon Purnell said this renewed focus raises questions about holiday gifting strength and overall consumer health.
CEO Exit Overshadows Adobe's Good Quarter
- Adobe slid in after-hours despite a solid quarter because the CEO's planned departure overshadowed results.
- Avalon Purnell noted Bloomberg Intelligence saw the leadership transition as the key negative for ADBE's stock reaction.
Bumble Rally Fueled By Guidance And AI Plans
- Bumble surged after a modest Q4 revenue beat plus upbeat EBITDA guidance for Q1 that topped estimates.
- Avalon Purnell said investors also cheered announced AI features, including a potential personal matchmaker tool planned later in the year.