Elf Beauty dismisses Muddy Waters’ fraud allegations: is ELF stock a buy now?
Thursday, 21 November 2024 ()
Elf Beauty, a rising star in the cosmetics industry, is pushing back against allegations by activist short-seller Muddy Waters, which accused the company of overstating revenue and inflating inventory. In a statement released Thursday, the Oakland-based firm dismissed the claims as “without merit,” asserting they were designed to manipulate its stock price for Muddy Waters’ […]
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