Church & Dwight Co., Inc. (CHD) has had an active quarter with several positives and negatives influencing their market performance. The company witnessed an increase in short interest by 11.7% in September and managed to outperform competitors on certain trading days, although it struggled to maintain consistent performance. Swedbank AB increased their stakes in CHD, a promising sign of faith for investors.
Despite certain cost woes, CHD showcased brand strength and was labelled as a strong growth stock. It even beat Q2 earning and revenue estimates and declared its 494th Regular Quarterly Dividend. However, CHD was forced to curtail its outlook following its Q2 earnings, raising some concerns among investors.
A significant development was the announcement of a CEO transition even as Q2 results met expectations. The Daily Insider holdings sold a sizeable chunk of their shares, amounting to 26% of their holdings. Church & Dwight also lowered their sales forecast signaling a challenging Q3 and onwards. Particularly a concern was a ratings cut by Morgan Stanley due to a lack of fresh catalysts.
Church Dwight CHD News Analytics from Tue, 20 Apr 2021 07:00:00 GMT to Sat, 19 Oct 2024 02:26:00 GMT - Rating -2 - Innovation 3 - Information 2 - Rumor -5
