Procter & Gamble Shares Test New Lows Amid Consumer Concerns

Shares of Procter & Gamble closed at a fresh 52-week low on Monday. The decline reflects a confluence of factors pressuring the consumer staples giant, including cautious corporate guidance and mounting skepticism regarding the resilience of American consumer spending. A recent price target reduction from Deutsche Bank provided the catalyst for the latest leg down.

During Monday’s session, P&G stock dropped from $143.45 to $139.68, a decline of approximately 2.6%. The move saw the equity breach the psychologically significant $140 level, a threshold that often triggers automated sell orders. Elevated trading volume suggests institutional investors are reassessing their holdings within the sector.

While Deutsche Bank maintained its “Buy” recommendation, Read more...