Why e.l.f. Beauty Stock Rose 18% in February

Why e.l.f. Beauty Stock Rose 18% in February

Beauty (NYSE: ELF) shareholders outperformed a rising market last month. Investors cheered the makeup specialist's fiscal third-quarter announcement that in early February showed strong operating trends despite COVID-19 pandemic pressures. The company entered 2021 with 6% market share, up about 1 full percentage point compared to last year.