E.L.F. Beauty Shares Down 11% For Session; Traders Circulate Premarket Unconfirmed Jefferies U.S. Cosmetics Note Suggesting 'Slowing Growth From 50% To 45% And Unit Growth Slow Down From 35% To 32%'
Portfolio Pulse from Benzinga Newsdesk
E.L.F. Beauty's shares have fallen by 11% in a trading session. This is due to an unconfirmed note from Jefferies U.S. Cosmetics suggesting a slowdown in the company's growth from 50% to 45% and a decrease in unit growth from 35% to 32%.
October 31, 2023 | 7:07 pm
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E.L.F. Beauty's stock price has dropped by 11% due to rumors of slowing growth and unit growth, according to an unconfirmed note from Jefferies U.S. Cosmetics.
The unconfirmed note from Jefferies U.S. Cosmetics suggesting a slowdown in E.L.F. Beauty's growth and unit growth has led to a decrease in the company's stock price. Investors are likely reacting to the potential slowdown in growth, leading to a sell-off of the company's shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100