Why Coty's Stock Is Trading Higher Today
Coty (NYSE: COTY) shares are trading higher on Monday after Cottage Holdco B.V. disclosed a 60.2% active stake in the company.
Coty is a global beauty company that sells fragrances (56% of fiscal 2020 revenue), color cosmetics (31%), and skin/body care (13%). The firm licenses brands such as Calvin Klein, Hugo Boss, Gucci, and Davidoff for its fragrance portfolio. Coty's most popular color cosmetic brands are CoverGirl, Max Factor, Rimmel, Sally Hansen, and Kylie.
Coty shares were trading up 8.66% at $5.20 at last check Monday. The stock has a 52-week high of $13.01 and a 52-week low of $2.65.
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