Estee Lauder stock jumps after New York Post report that activist Nelson Peltz is looking to push out long-time CEO Freda

Shares of Estee Lauder Cos. EL rallied 5.1% in premarket trading Monday, after the New York Post reported that activist investor Nelson Peltz was pushing the beauty products company to oust Chief Executive Officer Fabrizio Freda and explore a sale of the company. The Post report over the weekend, which cites sources close to the situation, said it couldn’t immediately learn whether Peltz had acquired shares in Estee Lauder. The latest 13F of Peltz’s Trian Fund Management L.P. didn’t list Estee Lauder has a holding. The report comes after Estee Lauder’s stock suffered a record one-day loss on May 3, after the company reported…