Coty Inc (COTY) is trading 7% higher at $7.905 today. The stock's price action is strongly outperforming it's peers on what is quickly becoming a slightly pessimistic day for the Consumer Staples sector.

Coty Inc has been trading between a 52-week high of $11.12 and a 52-week low of $5.9. The stock has a market cap of $6.63 Billion.

Coty is one of the world's largest beauty companies with an iconic portfolio of brands across fragrance, color cosmetics, and skin and body care. Coty is the global leader in fragrance, and number three in color cosmetics. Coty's products are sold in over 150 countries around the world.

Robust Fragrance Sales Scents Coty''s Q4 Earnings; Reveals Progress Across All Pillars
Benzinga 08-25-22

Recap: Coty Q4 Earnings
Benzinga 08-25-22

Coty shares gain on strong sales, lightened debt load (NYSE:COTY)
Seeking Alpha 08-25-22

ROUNDUP: Coty Q4 Loss Increases Inline With Estimates
Finanz Nachrichten 08-25-22

Coty Inc. Q4 Loss Increases, Inline With Estimates
Finanz Nachrichten 08-25-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

Oddity24 - 2 upvotes - source
Funny we are all chasing companies with weak financials. But not overlooked companies with post pandemic possibilities like $COTY

Oddity24 - 1 upvotes - source
Wouldn’t it make sense to go after stable companies that are extremely undervalued with a better prospect? In case the squeeze fails or things go wrong? I mean over all $COTY has that. Is more stable than $BBBY.

Zachjsrf - 0 upvotes - source
COTY $7p for 9/2 or 8/26 big orders very bearish