Procter & Gamble's most recent trend suggests a bullish bias. One trading opportunity on Procter & Gamble is a Bull Put Spread using a strike $133.00 short put and a strike $128.00 long put offers a potential 15.47% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $133.00 by expiration. The full premium credit of $0.67 would be kept by the premium seller. The risk of $4.33 would be incurred if the stock dropped below the $128.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Procter & Gamble is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Procter & Gamble is bullish.
The RSI indicator is at 46.29 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Procter & Gamble
Jessica Alba’s Honest Co., Investors Raise $413 Million in IPO
Wed, 05 May 2021 02:32:40 +0000
(Bloomberg) — The Honest Co., the personal care brand co-founded by actress Jessica Alba, raised $413 million in an initial public offering priced within a marketed range.The company and its shareholders on Tuesday sold about 25.8 million shares for $16 each, according to a statement confirming an earlier Bloomberg News report. The shares had been marketed for $14 to $17, with the company offering 6.5 million shares and existing investors selling 19.4 million.The company has a market value at the IPO price of about $1.45 billion based on the outstanding shares listed in its filings with the U.S. Securities and Exchange Commission. Fully diluted to include employee stock options and restricted stock units, that value rises to more than $1.7 billion.Founded in 2011, Honest has grown into a national brand and has partnerships with retail giants including Target Corp. and Amazon.com Inc. The Los Angeles-based company specializes in baby products such as diapers and wipes, which accounted for 63% of last year’s sales, as well as household cleaning supplies and personal care items.Now the company’s chief creative officer, Alba owns 5.65 million shares. She didn’t plan to sell her shares in the offering, according to the filings. The share sale gives her a stake valued at about $90 million.Investors selling some of their shares in the IPO included private equity firm L Catterton, Institutional Venture Partners, Lightspeed Venture Partners and General Catalyst, the filings show.Childhood AilmentsAlba has said she sought to find products with fewer harsh chemicals following childhood struggles with allergies and asthma. She became particularly concerned about ingredients in baby products and said in a recent filing that she tried to appeal to lawmakers for chemical legislation reform.Honest’s business touches on several trends that have become more prominent during the coronavirus pandemic, including a focus on wellness and elevated demand for cleaning products. Those have buoyed top-line results for household-goods companies such as Procter & Gamble Co., the maker of Pampers diapers and Tide laundry detergent.Los Angeles-based Honest generated sales last year of about $301 million, a 28% increase over 2019. It lost $14.5 million in 2020.Boom FadingAlready, though, the pandemic boom for consumer-products makers is starting to fade. P&G has acknowledged that rising costs are pressuring results, toilet paper maker Kimberly-Clark Corp. recently cut its earnings forecast and Clorox Co. last week missed Wall Street’s estimates for quarterly sales. In addition to shifting demand, manufacturers are grappling with higher commodity and freight costs.Honest said in the filing that it’s working to manage disruptions to its supply chain, but it anticipates “sustained market turmoil” as a result of the pandemic and its economic impact. “If the disruptions caused by the Covid-19 pandemic continue for an extended period of time, our ability to meet the demands of our consumers may be materially impacted.”The offering is being led by Morgan Stanley, JPMorgan Chase & Co. and Jefferies Financial Group Inc. The shares are expected to begin trading Wednesday on the Nasdaq Global Select Market under the symbol HNST.(Updates with statement in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
P&G Encourages Women To Talk About Imposter Syndrome in #RealDeal campaign with Lazada
Wed, 05 May 2021 02:00:00 +0000
Procter & Gamble (NYSE:PG), a leading fast-moving consumer goods company launches a new #RealDeal campaign with Lazada, Southeast Asia's leading e-commerce platform to raise awareness around Imposter syndrome.
Warren Buffett is right, inflation is running rampant
Tue, 04 May 2021 10:53:40 +0000
Inflation is picking up in a major way, C-suites across the country warn.
P&G launches iLab 2021 in partnership with the Singapore EDB to strengthen Singapore's innovation ecosystem
Tue, 04 May 2021 10:06:00 +0000
Procter & Gamble (NYSE:PG), in partnership with the Singapore Economic Development Board (EDB), today launched iLab 2021, a 3-day virtual innovation festival. The festival will see start-ups from Singapore and across the region come together to collaborate with P&G and develop innovations that can overcome real-world challenges faced in the areas of advertising, retail, and supply chain.
10 Best Consumer Staples Stocks to Buy Now
Mon, 03 May 2021 21:32:13 +0000
In this article, we will take a look at the 10 best consumer staples stocks to buy now. You can skip our comprehensive analysis of the consumer staples industry and go directly to the 5 Best Consumer Staples Stocks to Buy Now. The toilet paper shortages at the beginning of the COVID-19 pandemic drove a […]
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