Shares of Coty Inc. Cl A COTY, -4.34% shed 4.34% to $8.81 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.20% falling 0.20% to 4,246.59 and Dow Jones Industrial Average DJIA, -0.27% falling 0.27% to 34,299.33. The stock’s fall snapped a two-day winning streak. Coty Inc. Cl A closed $1.68 short of its 52-week high ($10.49), which the company achieved on April 30th.
The stock underperformed when compared to some of its competitors Tuesday, as Procter & Gamble Co. PG, -0.19% fell 0.19% to $134.65, Estee Lauder Cos. Cl A EL, -0.14% fell 0.14% to $302.81, and Inter Parfums Inc. IPAR, -1.02% fell 1.02% to $75.04. Trading volume (11.0 M) eclipsed its 50-day average volume of 6.7 M.