What's Going On With e.l.f. Beauty Stock?

e.l.f. Beauty, Inc. ELF shares are trading lower Tuesday. The stock has continued to trend lower over the past few weeks.

What To Know: Prior to the recent decline in e.l.f.'s stock, shares of the company gained at the end of August on news that it announced an agreement to acquire Naturium for $355 million in a combination of cash and stock.

The transaction, which is anticipated to close around September 30, is expected to double the company's presence in skin care to approximately 18% of retail sales.

Despite the recent pullback, shares of e.l.f. are up 104.30% year-to-date.

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ELF Price Action: Shares of ELF were down 8.34% at $112.75 at the time of publication, according to Benzinga Pro.

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