Stock Track | Coty Plummets 5.28% Intraday Amid Securities Class Action and Withdrawn Financial Targets

Stock Track05-07

Coty Inc. (NYSE: COTY) saw its stock price plummet by 5.28% during intraday trading on Thursday, reflecting significant investor concern.

The sharp decline follows news that Coty is facing a securities class action lawsuit alleging that CEO Sue Nabi and CFO Laurent Mercier made false or misleading statements between November 2025 and February 2026. The legal action comes after the company withdrew its $1 billion adjusted EBITDA target and acknowledged widespread operational failures, including weakness in its Consumer Beauty division and softer fragrance sell-out.

The complaint alleges that executives certified SEC filings while internal performance indicators were deteriorating. A court has set a deadline of May 22, 2026, for investors to seek appointment as lead plaintiff in the case.

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