Coty (COTY) has risen sharply, recording gains of 7.78% in the past 4 weeks. However, the stock has corrected -1.04% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.37% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Coty Inc. is up 14.85% in the last 3-month period. Year-to-Date the stock performance stands at 12.97%. The stock has recorded a 20-day Moving Average of 4.45% and the 50-Day Moving Average is 7.16%.
Coty (NYSE:COTY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.56 and $28.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.67, notching a gain of 0.31% for the day. The total traded volume was 1,715,530 . The stock had closed at $28.58 on the previous day.
Also, Bank of America downgrades its view on Coty (NYSE:COTY) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on April 18, 2016.
Coty Inc. is a beauty company. The Company manufactures and markets beauty products in the Fragrances, Color Cosmetics and Skin & Body Care segments with distribution in over 130 countries and territories across both prestige and mass markets. Fragrances products include a variety of mens and womens products and include fashion designer, celebrity and lifestyle brands. Color Cosmetics products include nail and other color cosmetics, consisting of lip, eye and other facial color products. Skin & Body Care products include shower gels, deodorants, skin care and sun treatment products. The Companys top 10 brands include adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen.