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Church & Dwight (CHD) Plunges 1.88% as Capital Research Cuts Stake 49.6%
Generated by AI AgentAinvest Movers Radar
Thursday, Apr 24, 2025 6:33 pm ET1min read
Church & Dwight (CHD) shares fell 1.88% today, marking the second consecutive day of decline, with a total drop of 3.51% over the past two days. The stock price hit its lowest level since October 2024, experiencing an intraday decline of 2.82%.
Capital Research Global Investors significantly reduced its stake in
Co., Inc. by 49.6% in the fourth quarter. This major reduction in investment can influence the stock price due to decreased investor confidence or changes in perceived value of the company. The move by Capital Research Global Investors, a prominent institutional investor, has raised concerns among market analysts about the company's future prospects. The reduction in stake could signal a shift in the investor's strategy or a reassessment of the company's growth potential. This development has likely contributed to the recent downward trend in Church & Dwight's stock price, as investors may be re-evaluating their positions in light of the reduced confidence from a major shareholder.
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