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Coty +3.4% as new CEO buys $20M in shares

Nov. 16, 2018 5:16 PM ETCoty Inc. (COTY) StockCOTYBy: Jason Aycock, SA News Editor58 Comments
  • Coty (NYSE:COTY) is up 3.4% in late trading after a hefty insider buy by its new CEO.
  • Pierre Laubies bought more than 2.308M shares on Wednesday, according to a Form 4 filing.
  • At an average price of $8.6868, that brings the overall purchase to a bit over $20M worth of shares.
  • The shareholder makes up Laubies' entire holdings of Coty stock.
  • Meanwhile, JAB Cosmetics, a 10% shareholder, bought 5.4M shares over three equal purchases over each of the past three days. That total outlay is about $48M.
  • Previously: Coty announces new CEO and Board changes (Nov. 12 2018)

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