Estee Lauder Companies Inc (EL US, +1, 18-Nov-24)

Paul Fribourg (Director since 2006) purchased 157,000 shares on November 14th at $63.98, spending $10 million. This is his first purchase despite being on the board for 8 years. The purchase is indirect for Continental Grain where Fribourg is Chair and CEO, and their first purchase in the shares. 

Akhil Shrivastava (CFO since Nov. 2024; Treasurer 2000-2024, joined 2015) purchased $65,000 worth of stock on November 14th at $65 in his first reported purchase in the shares. We had a negative rank on this stock from May-Aug 2024 based on sales at $136 from outgoing CFO Tracey Travis (CFO 2012-2024) and that signal proved timely. Fribourg’s purchase shows confidence and it also appears insider selling has stopped after this recent decline in the shares. 

We are ranking the stock +1 (strongly positive).