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PG Stocks Down As Sales Fall And Outlook Lowered -

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Apr, 27th 10:07


Procter & Gamble Co. shares went down Tuesday, after the company announced better-than-expected fiscal third-quarter earnings, but offered a fourth-quarter outlook that would be “significantly lower” than last year. P&G’s sales declined for the seventh quarter in a row as higher prices weighed on volumes. The company has been also shrinking its vast product portfolio to focus on faster-growing brands. On the hourly chart, PG last traded at 79.55, down 2.28% compared to its previous close. ADX is currently at 31.75, with DI- above the +DI line, suggesting a continuing bearish trend.

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