Procter & Gamble – Colgate-Palmolive Co. stock underperforms Wednesday when compared to competitors
Shares of Colgate-Palmolive Co.
slumped 0.41% to $79.40 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average
rising 0.16% to 33,730.89 and the S&P 500 Index
falling 0.41% to 4,124.66. This was the stock’s second consecutive day of losses. Colgate-Palmolive Co. closed $7.01 below its 52-week high ($86.41), which the company achieved on November 20th.
The stock underperformed when compared to some of its competitors Wednesday, as Procter & Gamble Co.
rose 0.36% to $135.60, Unilever PLC ADR
fell 0.32% to $56.66, and Reckitt Benckiser Group PLC
fell 0.08% to $91.37. Trading volume (4.1 M) remained 607,450 below its 50-day average volume of 4.7 M.