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An Insider Just Bought $25 Million of Beaten-Down Estee Lauder Stock. Should You Follow the Big Money?
ELEstée Lauder(EL) The Motley Fool·2024-11-26 09:30

It's not often that investors have the chance to buy stock of timeless brands at a huge discount, but Estee Lauder (EL 4.35%) may present such an opportunity.Even though Estee Lauder owns its namesake brand and many other household names such as Clinique, MAC, Tom Ford, and others, the stock has cratered 81% off its all-time highs, and it now trades at levels not seen since 2013.But at least one insider sees an opportunity -- and maybe a big one. The question is, should one follow this deep-pocketed investo ...