Regulatory filings show that Estee Lauder (EL) director Paul Fribourg bought 387,800 shares of the company’s stock for a total of $24.9M, for an average price of $64.27 each, from November 13 through 19. Shares of Estee Lauder are up 2% to $68.30 in morning trading, which traders are attributing to a Barron’s report highlighting the recent insider buying, contacts tell The Fly.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EL:
- Estée Lauder Amends Share Plan and Holds Annual Meeting
- Estee Lauder call volume above normal and directionally bullish
- Gordon Haskett wonders if Estee Lauder is new Trian position
- Estee Lauder price target lowered to $75 from $98 at Deutsche Bank
- Estee Lauder price target lowered to $70 from $95 at B. Riley