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Why Coty Inc. Stock Dove 19% in August

TheMotleyFool

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Why Coty Inc. Stock Dove 19% in AugustPhoto, wide shot, wide-angle lens, Laundry service, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/7d06f1e2-46d1-4cac-90e0-6cc2313e43fe.png

Coty (NYSE: COTY) stock shed 19% last month, according to data from S&P Global Market Intelligence.

The decline added to recent losses for the beauty product giant's investors. Coty shares are down 10% since the start of the year, compared with a 10% boost for the broader market.