On Tuesday, Shares of Coty Inc (NYSE:COTY), added 0.22% and closed at $22.96 in the last trading session. The last trading range of the stock ranges between $22.64 and $23.06. The company’s Market capitalization is $16.62 Billion with the total Outstanding Shares of 74.01 million. During the 52-week trading session the minimum price at which share price traded, registered at $21.48 and reached to max level of $31.60. Coty Inc. (COTY) declared recently that it has accomplished the merger of The Procter & Gamble Company’s fine fragrance, color cosmetics, salon professional and hair color and certain styling businesses (“P&G Specialty Beauty Business”) into Coty. Coty is now the third-leading beauty company in the world, with about $9 billion in revenue. As a combined company, Coty will also hold the number one position in fragrances, and number two and three positions in salon hair and color cosmetics, respectively.
As formerly declared, following the completion of the merger, Camillo Pane became the new Chief Executive Officer of Coty. Commenting, Pane said, “It is my great privilege to take over the reins of leadership at such a transformational moment. Recently marks a new chapter in Coty’s rich heritage. With this merger, we have brought together a powerful portfolio of much loved beauty brands and some of the world’s most talented people in beauty and consumer goods. I believe this combination, together with our distinctive entrepreneurial culture, focused and lean operating structure, and efficient earnings model, will facilitate Coty to be a challenger in the beauty industry. We aim to relentlessly pursue superior products and solutions, build brands that inspire and facilitate consumers to celebrate and liberate their own individual beauty.”
LendingClub Corp (NYSE:LC), dropped -4.14% and closed at $5.79 in the last trading session. The last trading range of the stock ranges between $5.72 and $5.90. During the 52-week trading session the minimum price at which share price traded, registered at $3.44 and reached to max level of $15.00. LendingClub Corporation, together with its auxiliaries, operates as an online marketplace that connects borrowers and shareholders in the United States. Its marketplace facilitates various types of loan products for consumers and small businesses, counting unsecured personal loans, super prime consumer loans, unsecured education and patient finance loans, and unsecured small business loans. The company also offers shareholders an opportunity to invest in a range of loans based on term and credit characteristics. It serves shareholders, such as retail shareholders, high-net-worth individuals and family offices, banks and finance companies, insurance companies, hedge funds, foundations, pension plans, and university endowments.