Procter & Gamble – Estee Lauder Cos. Cl A stock underperforms Thursday when compared to competitors
Shares of Estee Lauder Cos. Cl A
shed 1.43% to $289.62 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index
falling 2.45% to 3,829.34 and Dow Jones Industrial Average
falling 1.75% to 31,402.01. The stock’s fall snapped a three-day winning streak. Estee Lauder Cos. Cl A closed $8.69 short of its 52-week high ($298.31), which the company reached on February 24th.
The stock underperformed when compared to some of its competitors Thursday, as Procter & Gamble Co.
fell 0.85% to $126.58, Unilever PLC ADR
rose 0.12% to $53.81, and Beiersdorf AG ADR
fell 0.83% to $20.41. Trading volume (1.0 M) remained 352,908 below its 50-day average volume of 1.4 M.