Procter & Gamble – International Flavors & Fragrances Inc. stock falls Thursday, still outperforms market
Shares of International Flavors & Fragrances Inc.
slipped 1.10% to $136.63 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. This was the stock’s third consecutive day of losses. International Flavors & Fragrances Inc. closed $6.46 short of its 52-week high ($143.09), which the company reached on May 12th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Procter & Gamble Co.
fell 0.85% to $126.58, L’Oreal S.A. ADR
fell 0.82% to $74.27, and Estee Lauder Cos. Cl A
fell 1.43% to $289.62. Trading volume (2.4 M) remained 4.1 million below its 50-day average volume of 6.5 M.