Estee Lauder Pick of the Week at Smart Insider Following CFO, Director Stock Purchases

MT Newswires Live11-26

Estee Lauder (EL) was Smart Insider's stock pick of the week after the company's Chief Financial Officer Akhil Shrivastava bought $65,000 worth of Estee Lauder's shares at $65 apiece on Nov. 14.

Smart Insider said it had a "negative rank" on this stock from May to August this year based on sales at $136 per share from outgoing CFO Tracey Travis.

Director Paul Fribourg purchased 157,000 Estee Lauder's shares for $63.98 apiece, or roughly $10 million, on Nov. 14, Smart Insider said in a note Tuesday.

This was Fribourg's first purchase which "shows confidence and it also appears insider selling has stopped after this recent decline in the shares," the note added.

Smart Insider ranked the stock +1, or strong positive signal, on Nov. 18.

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