TECHNICAL ANALYSIS | June 5, 2020
An Expensive Trade
Coty, Inc. (COTY) has been in the news recently because of the story from Forbes alleging that the value of Kylie Cosmetics was inflated. COTY's shares took a hit because in January, it had forked over $600 million to buy a 51% stake in Kylie Cosmetics. At the time the deal was announced in November 2019, some analysts thought the price they were paying for what was a young, celebrity brand seemed high.
by Stella Osoba, CMT
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