E L F Beauty Inc (ELF)

Shares of E.L.F beauty, Inc. (ELF) dropped by 10.20% from $103.15 to $92.63 in the trading on Tuesday, October 31, 2023. The reason why ELF is due to an unconfirmed premarket note speculating slower growth for the company.

e.l.f. Beauty, Inc. Stock (ELF) dropped by 8.41% from $108.21 to $99.11 in the trading on Tuesday October 3, 2023. The reasons why stock ELF is down today includes:

• Retail stock sell-off: Retail stocks were also taking their cues from the broad market, which saw a sea of red for equities while longer-end Treasury yields continued their upward surge amid a bruising bond sell-off
• Concerns about Q3 earnings season: Investors seemed to position themselves conservatively ahead of the Q3 earnings season and price in a lower level of consumer spending than anticipated, which cause W stock down today
• Investor's sentiment: Sentiment took a hit after hotter-than-expected job openings data reinforced the Federal Reserve's higher rates for longer scenario.

Shares of e.l.f. Beauty (ELF) were down 8.55% at $112.48 amid fears that retailers will suffer because of a struggling U.S. consumer. U.S. consumer demand for soft goods including clothing, beauty products and linens is weakening.

https://www.msn.com/en-us/money/markets/sally-beauty-elf-lower-for-the-week-on-consumer-spending-fears/ar-AA1gXHhX