$COTY.US ranked positive on October 9th, 2023

Smart Insider $COTY.US ranked positive on October 9th, 2023

$COTY.US ranked positive on October 9th, 2023

Coty Inc (+1, COTY US, October 9th)

Isabelle Parize¬†(Non-Executive since 2020) purchased $211,000 of stock on the¬†4th of October at $10.29, increasing her holding by 57%. She has made a series of successful purchases into rising¬†prices, buying stock at $6.13 in November 2020, $6.60 in February 2021, and $8.90 in May 2021 and it’s encouraging¬†to see her now making her largest purchase at the highest price she has paid. There do not appear to be any¬†ownership requirements for Non-Executives.¬†

She is Chairman and CEO of Delsey SA, a luggage and travel accessories company. Her purchase looks separate from the recent $356m fundraising which was part of a dual listing in Paris. 

Mariasun Aramburuzabala (Non-Executive since 2020) bought $5.4m of stock (half the size of her only previous purchase) and Shareholder JAB Holdings bought $32m of stock in the placing. 

We are ranking the stock +1.

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