Apr. 7 at 4:30 PM
Beauty M&A just dropped a catalyst on
$EL 👀
Stock ripping +2.59% to
$70.91 on merger talks between the Lauder and Puig families — covering governance, exchange ratio, and dual listing. RSI at 31.25 means this thing was deeply oversold before today's pop. Still -32.29% YTD and trading well under all key MAs — SMA50 at
$97.26, SMA200 at
$94.88.
Deal speculation could be the only thing that saves this chart. Watching for follow-through above
$75 as the first real test.
#EsteeLauder #BeautyStocks #MergersAndAcquisitions