Procter & Gamble Company (The) (PG) : Investors lapped up stocks on upticks to the tune of $113.71 million in the Wednesdays trading session. The trading value on downticks was comparatively at $69.35 million and the uptick to downtick ratio of 1.64 indicates continuous buying by the bulls. The net money flow into the stock was $44.36 million. Upticks saw transactions worth $43.19 clearly indicating buying by large investors. The total money flow for block trades stood at $43.19 million, which is a positive for the stock in the long-term. Procter & Gamble Company (The) (PG) fell $0.18 during the day at $85.32, a drop of -0.21% over the previous days close. However, for the week, the stock is -0.8%, compared to the previous week.
Also, In the latest statement by the brokerage house, UBS upgrades its outlook on Procter & Gamble Company (The) (NYSE:PG). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Neutral. The brokerage firm raises the price target from $85 per share to $96 per share. The rating by the firm was issued on July 14, 2016.
Procter & Gamble Company (The) (NYSE:PG): The stock opened at $85.38 on Wednesday but the bulls could not build on the opening and the stock topped out at $85.73 for the day. The stock traded down to $85.13 during the day, due to lack of any buying support eventually closed down at $85.32 with a loss of -0.21% for the day. The stock had closed at $85.50 on the previous day. The total traded volume was 6,289,008 shares.
The stock has recorded a 20-day Moving Average of 0.8% and the 50-Day Moving Average is 2.78%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (President-Europe SMO) of Procter & Gamble Co, Coombe Gary A had sold 1,529 shares worth of $125,928 in a transaction dated June 3, 2016. In this transaction, 1,529 shares were sold at $82.36 per share.
The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands. The Companys products are sold in over 180 countries and territories. P&Gs customers include mass merchandisers, grocery stores, membership club stores, drug stores, department stores, salons distributors, e-commerce and stores.