EL Stock Plummets 39% in 6 Months: What's Next for Investors?
Estée Lauder(EL) ZACKS·2024-11-28 13:00
The Estee Lauder Companies Inc. (EL) has experienced notable volatility in its stock performance. Over the past six months, the stock has slumped 39.2%, underperforming the industry’s decline of 36.5%. The Zacks Consumer Staple sector and the S&P 500 registered increases of 4.3% and 13.9%, respectively, highlighting EL’s underperformance during this period. This downward trend reflects persistent challenges in China and Asia travel retail.China Weakness Hinders EL’s MomentumThe Estee Lauder Companies began ...