Procter & Gamble – Colgate-Palmolive Co. stock falls Wednesday, still outperforms market
Shares of Colgate-Palmolive Co.
slid 1.07% to $74.61 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index
falling 1.31% to 3,819.72 and Dow Jones Industrial Average
falling 0.39% to 31,270.09. This was the stock’s second consecutive day of losses. Colgate-Palmolive Co. closed $11.80 short of its 52-week high ($86.41), which the company reached on November 20th.
The stock underperformed when compared to some of its competitors Wednesday, as Procter & Gamble Co.
fell 0.60% to $123.16, Unilever PLC ADR
rose 0.34% to $53.44, and Reckitt Benckiser Group PLC
fell 0.61% to $84.09. Trading volume (5.7 M) eclipsed its 50-day average volume of 4.3 M.