Procter & Gamble – Colgate-Palmolive Co. stock rises Friday, still underperforms market
Shares of Colgate-Palmolive Co.
inched 0.18% higher to $79.78 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
rising 0.77% to 4,128.80 and the Dow Jones Industrial Average
rising 0.89% to 33,800.60. This was the stock’s second consecutive day of gains. Colgate-Palmolive Co. closed $6.63 short of its 52-week high ($86.41), which the company reached on November 20th.
The stock outperformed some of its competitors Friday, as Procter & Gamble Co.
fell 0.65% to $136.37, Unilever PLC ADR
fell 0.47% to $56.75, and Reckitt Benckiser Group PLC
fell 1.35% to $89.95. Trading volume (3.5 M) remained 1.3 million below its 50-day average volume of 4.8 M.