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Ultimate Software (ULTI) surged to a new high in morning trade Wednesday after the firm reported a 38% increase in third-quarter earnings and soundly beat expectations. Ultimate stock jumped more than 8% to go past 205.00 a share, near the top of the day’s trading range. As shares climbed more than 15 apiece, it represented the first time that Ultimate crossed the 200 threshold. Volume was more than triple normal levels. Part of IBD’s Leaderboard, Scalper1 News
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