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Why is Church Dwight Co Inc (CHD) Stock down?
We've noticed a 5.61% decline in Church Dwight Co Inc (CHD) stock during the 2023-11-03 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
06 Oct, 2023:
Shares of Church & Dwight Company (CHD) dropped by 4.70% from $90.23 to $85.99 in the trading on Friday October 6, 2023. The reasons why CHD stock down include:
- Fear of interest rate hike: The release of the September jobs report heightened concerns about the possibility of a higher interest rate environment, which often has a negative impact on stock prices.
- Weakness in the consumer staples sector: Retail and consumer goods stocks fell on Friday. The consumer staples sector, which includes companies like CHD that sell household goods, was also down on October 6, 2023. This was due to concerns about a slowdown in consumer spending.
- Specific Concerns about CHD: Some investors had specific worries about CHD, including the company's vulnerability to inflation and its reliance on China for manufacturing. These concerns contributed to the stock's decline on that particular trading day.
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