International Flavors & Fragrances stock slides 5.63% and underperforms competitors
Updated
Updated · MarketWatch · May 7
International Flavors & Fragrances stock slides 5.63% and underperforms competitors
9 articles · Updated · MarketWatch · May 7
Shares closed at $78.26 on Thursday, snapping a two-day winning streak, as the S&P 500 fell 0.38% and the Dow Jones Industrial Average lost 0.63%.
IFF lagged peers including Colgate-Palmolive, down 0.91%, Dow Inc., down 3.06%, and DuPont de Nemours, down 3.42%.
The stock finished 7.33% below its 52-week high of $84.45 reached on 17 February, while trading volume rose to 2.9 million shares from a 50-day average of 1.7 million.
IFF's stock plunged despite beating earnings. Is its turnaround strategy already failing?
Beyond a weak outlook, is a global anti-poaching probe the true threat to IFF's recovery?