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0 0 0.00168427499617209 0.0036732506507427 0.00352166590108718 -0.000306231817485776 0.00505282498851628 0.0138187107640484
Stock impact report

Elf Beauty says short-seller Muddy Waters' allegations are 'without merit' [Yahoo! Finance Canada]

Estee Lauder Companies, Inc. (The) (EL) 
Last estee lauder companies, inc. (the) earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: elcompanies.com/investors
Shares of Elf fell as much as 16% on Wednesday following the short-seller report but pared losses to close 2.2% lower at $119. The stock has nearly quadrupled from 2023 to hit a record high in March. "Muddy Waters' latest report is an attempt by a noted short-seller to negatively impact Elf Beauty's share price for its own benefit and at the expense of all other Elf Beauty shareholders, and Muddy Waters' allegations are without merit," Elf said in a statement. Elf raised its forecasts for annual sales and profit earlier in November, becoming the only company performing well in a weak beauty market where legacy cosmetics brands such as Estee Lauder and L'Oreal have been facing slowing demand. The beauty company also said on Thursday that for competitive reasons, it had filed a request for confidentiality with U.S. Customs and Border Protection in early 2024, with respect to customs import data. "Therefore, import data available to the public after February 6, 2024, does not in Show less Read more
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