Church & Dwight stock rises but trails competitors
Updated
Updated · MarketWatch · May 6
Church & Dwight stock rises but trails competitors
11 articles · Updated · MarketWatch · May 6
Shares gained 1.53% to $94.96 on Wednesday, while the S&P 500 rose 1.46% and the Dow added 1.24% in a broadly positive session.
The stock posted a second straight daily gain but lagged Procter & Gamble, Ecolab and Colgate-Palmolive, which rose between 2.07% and 2.24%.
Church & Dwight closed 10.45% below its 52-week high of $106.04 reached on 24 February, and trading volume of 1.7 million was below its 50-day average.
Consumer staples are at a 30-year valuation high. Is Church & Dwight's stock an undervalued gem or a casualty of an overbought sector?
With its brands squeezed in a 'K-shaped economy,' can Church & Dwight's strategy overcome its premium valuation and underperformance against rivals?