Estee Lauder Companies Inc (EL) $53.55 +1.19%
Estee Lauder (EL) adds 62 cents to $53.54 and a multi-exchange sweep of 3,000 July 50 puts trades on the stock for 35 cents per contract when the market was 20 to 35 cents. 3,164 now traded against 269 in open interest. The stock is down 20 percent since April and today’s flow might express concern about additional losses over the next few weeks. No news on the ticker. Earnings expected mid-August and after the July expiration.
Category: All Stocks, Large Cap Stocks, Personal & Household Goods
Free Newsletter
If you enjoyed this article, sign up to receive more just like it.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
