Procter & Gamble – Colgate-Palmolive Co. stock rises Thursday, outperforms market
Shares of Colgate-Palmolive Co.
rallied 1.47% to $83.26 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
rising 1.22% to 4,112.50 and the Dow Jones Industrial Average
rising 1.29% to 34,021.45. The stock’s rise snapped a two-day losing streak. Colgate-Palmolive Co. closed $3.15 short of its 52-week high ($86.41), which the company reached on November 20th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Procter & Gamble Co.
rose 1.61% to $137.72, Unilever PLC ADR
rose 0.57% to $60.25, and Reckitt Benckiser Group PLC
rose 2.22% to $88.96. Trading volume (4.3 M) remained 410,490 below its 50-day average volume of 4.7 M.