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Coty Stock Soars on Index Inclusion | Business and Finance News
Published 2 days, 12 hours ago
Description
Coty’s stock surged over 10% after being added to the S&P SmallCap 600, triggering index fund buying and a rush of demand—but beneath the rally, shaky finances loom: a 5-cent-per-share loss, 8% revenue decline, shrinking margins, and cash burn, while analysts see little growth ahead, leaving investors wary despite the short-term spike.
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