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Market Movers Today: Qualstar Corporation (QBAK), Purple Innovation Inc (PRPL), NEX Group (NEXGY), Ulta Beauty Inc (ULTA), and More

LONDON, March 16 (Reuters) – A takeover offer for NEX Group sent its shares shooting up by almost a third on Friday, while the FTSE 100 registered a weekly decline in spite of a boost from energy and financials stocks. Financial technology company NEX Group rose 31 percent after saying it received a preliminary takeover offer from CME. Speculation that the offer could trigger a bidding war is likely to support the shares. “NEX is an important strategic asset and therefore we would not be surprised to see competing interest,” said Liberum. The FTSE 100 rose 0.3 percent on Friday, leaving it 0.7 percent down on the week.

Qualstar Corporation (NASDAQ:QBAK) (Benzinga)
Qualstar Corporation gained 20.6 percent to $11.0731 after reporting fourth quarter earnings of 33 cents per share, up from a loss of 20 cents in the same quarter of last year. Sales came in at $3.2 million, up from $2.2 million a year prior.

Ulta Beauty Inc (NASDAQ:ULTA) (CNBC)
Ulta Beauty – Ulta fell 3 cents shy of forecasts with adjusted quarterly profit of $2.75 per share, although the cosmetics retailer’s revenue did match forecasts. Ulta also posted an 8.8 percent increase in comparable store sales, slightly short of consensus estimates. Inc (NASDAQ:OSTK) (Yahoo Finance)
Overstock (OSTK): Shares are tumbling in early trade. The discount site reported a larger-than-expected loss and revenue that missed the mark.

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