What's Going On With e.l.f. Beauty Stock?
Portfolio Pulse from Ryan Gustafson
e.l.f. Beauty, Inc. (NYSE:ELF) shares are trading lower, continuing a trend over the past few weeks. This follows the company's announcement of an agreement to acquire Naturium for $355 million, which is expected to double its presence in skin care to approximately 18% of retail sales. Despite the recent pullback, e.l.f.'s shares are up 104.30% year-to-date.
September 19, 2023 | 7:45 pm
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e.l.f. Beauty's stock is trading lower, continuing a recent trend. Despite this, the company's shares are up 104.30% year-to-date.
The recent decline in e.l.f. Beauty's stock price is likely due to market fluctuations and investor reactions to the company's recent acquisition of Naturium. Despite the recent pullback, the company's shares are still up significantly year-to-date, indicating a generally positive performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100