E.L.F. Beauty’s options volume on Wednesday was 7x the 30-day average. The affordable makeup and skincare company’s unusual options activity stood out as one investor questioned its revenues.
elf Beauty said that Muddy Waters’ latest report is an attempt to negatively impact the company’s share price for its own benefit and at the expense of all other e.l.f. Beauty shareholders.
Year to date in 2024 as of Nov. 18, the S&P 500 has surged 23%, having hit an all-time high recently. If the gain holds, this year will be its 25th best year since 1928, according to data from Macrotrends....
Shares of e.l.f. Beauty (NYSE: ELF) were pulling back today after short-seller Muddy Waters announced a short position in the cosmetics stock, accusing it of overstating revenue, profits, and inventory....
Disappointing retail earnings and concerns about bloated valuations are weighing down on retail sentiment toward some stocks.
Block was speaking at the Sohn Conference in London where he said that elf Beaty “seems to sell a product it does not have,” according to a Business Insider report.
Personal Care Stocks Q3 Recap: Benchmarking e.l.f. (NYSE:ELF)
Estee Lauder still has a lot of work to do, while e.l.f. Beauty is in full-on growth mode.
There are still values out there despite the market's rally.
The makeup brand is still growing its market share each quarter.