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Elf Beauty director sold a significant portion of her shares, coinciding with the stock's 6.9% drop.
Maureen C. Watson, a director at Elf Beauty, sold 4,000 shares of the company on March 7th, reducing her holdings by nearly 68%.
The sale occurred at an average price of $67.39 per share.
Elf Beauty, which offers inclusive and cruelty-free cosmetics, saw its stock price fall by 6.9% on March 11.
Analysts predict earnings of $2.38 per share for the current fiscal year and have maintained a "buy" rating with a target price of $132.94.
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La directora de Elf Beauty vendió una parte significativa de sus acciones, coincidiendo con la caída del 6,9% de las acciones.