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Why This Beauty Stock Is the Biggest Riser in the S&P 500 Today
요약
Estée Lauder shares were gaining early on Friday on relief that a prospective merger with Spanish fashion company Puig Brands was off the table. Estée Lauder stock was up 13% in premarket trading, the biggest riser in the Puig Brands was down 14% in Madrid. Estée Lauder slumped when the talks were confirmed in March, with investors fretting over potential share dilution and the complications of acquiring Puig while the company carries out its own turnaround plans.