Published on 26 Jul 2022 on Market Watch
Colgate-Palmolive Co. stock outperforms competitors on strong trading day
Shares of Colgate-Palmolive Co. inched 0.87% higher to $78.53 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.15% to 3,921.05 and Dow Jones Industrial Average falling 0.71% to 31,761.54. This was the stock's fourth consecutive day of gains. Colgate-Palmolive Co. closed $7.08 short of its 52-week high ($85.61), which the company achieved on January 6th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Procter & Gamble Co. rose 0.19% to $144.27, Unilever PLC ADR rose 3.63% to $48.85, and Reckitt Benckiser Group PLC rose 2.09% to $78.77. Trading volume (2.5 M) remained 1.9 million below its 50-day average volume of 4.4 M.