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Colgate-Palmolive Company (CL) Stock: What Does the Chart Say Monday?

Monday, January 30, 2023 10:50 AM | InvestorsObserver Analysts

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Colgate-Palmolive Company (CL) Stock: What Does the Chart Say Monday?

The market has been down on Colgate-Palmolive Company (CL) stock recently. CL gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Colgate-Palmolive Company has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CL!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With CL Stock Today?

Colgate-Palmolive Company (CL) stock is higher by 2.63% while the S&P 500 is down -0.9% as of 10:45 AM on Monday, Jan 30. CL has gained $1.88 from the previous closing price of $71.59 on volume of 1,823,978 shares. Over the past year the S&P 500 is down -10.67% while CL is down -10.89%. CL earned $2.13 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 34.53. To screen for more stocks like Colgate-Palmolive Company click here.

More About Colgate-Palmolive Company

Since its founding in 1806, Colgate-Palmolive has grown to become a leading global consumer product company. In addition to its namesake oral care line, the firm manufactures shampoos, shower gels, deodorants, and home care products that are sold in over 200 countries (international sales account for about 70% of its consolidated total, including approximately 45% from emerging regions). It also owns specialty pet food maker Hill's, which sells its products through veterinarians and specialty pet retailers. Click Here to get the full Stock Report for Colgate-Palmolive Company stock.

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