Procter & Gamble Company (The) (PG) : Traders are bullish on Procter & Gamble Company (The) (PG) as it has outperformed the S&P 500 by a wide margin of 1.47% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.34%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.31% in the last 1 week, and is up 1.85% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The Procter & Gamble Company is up 9.97% in the last 3-month period. Year-to-Date the stock performance stands at 12.69%. The stock has recorded a 20-day Moving Average of 1.38% and the 50-Day Moving Average is 3.14%.
Procter & Gamble Company (The) (NYSE:PG): The stock opened at $87.20 on Friday but the bulls could not build on the opening and the stock topped out at $87.41 for the day. The stock traded down to $87.05 during the day, due to lack of any buying support eventually closed down at $87.31 with a loss of -0.15% for the day. The stock had closed at $87.44 on the previous day. The total traded volume was 6,199,917 shares.
Also, B. Riley upgrades their rating on the shares of Procter & Gamble Company (The) (NYSE:PG). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on August 15, 2016.
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.