United

Family

Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Procter &amp; Gamble Co (NYSE: PG) stock surged 2.11% in the monthly time frame in the July 24 trading session.&nbsp;</a> </li> 
 <li> <span>2</span> <a>&nbsp;In Q1, Q2 &amp; Q3 2023, PG stock constantly reported more revenue than estimated figures.&nbsp;</a> </li> 
</ul> 
<p>The Procter &amp; Gamble Company (NYSE: PG) stock surged 2.11% in the monthly time frame in the July 24 trading session. During the trading session, PG stock exhibited fluctuations, opening at $152.84, dipping briefly to $152.30, surging to a peak of $153.95, and finally closing at $153.42. Notably, it gained $0.49 compared to its previous closing price.</p> 
<p>In the 52 week time frame, PG stock’s lowest traded price was $122.18, and its highest trading price was $158.11. The annual price target for 2023 is $165.20, which is 7.86% higher than the current trading price.</p> 
<h2 class="wp-block-heading" id="strong-pg-stock-technical-analysis-strong"><strong>PG Stock Technical Analysis&nbsp;</strong></h2> 
<p>After analyzing the chart, PG stock prices made a rising valley pattern between July 7 and July 24. Since May 25 2023, it has been observed that sellers are constantly losing their control over the price movement.</p> 
<p>In the past few trading sessions, buyers seemed more active than sellers. If buyers continued to dominate, they might pull prices to their immediate resistance of $154.03 and the next possible resistance of $155.96.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/qcb_so8ZNmN7seB87U_jMSm6qzCmoIjcyg8oAvvqaK4vZ3zUST6zbdNpdq1M-GI0Fuw15nn1-jYqU1dTJeDKmgQw8yB078YXTRuIwF8mIZyQ0TxVgT2Pk8r_E3W-icaS_K6D035j3j97-zBM3vJtVA" alt="PG Stock May Test Fresh 52-Week High As Buyers Dominate"> 
  <figcaption class="wp-element-caption">
    Source: PG stock price chart from TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publishing, Procter &amp; Gamble Company. ( <a href="https://www.thecoinrepublic.com/2023/07/24/procter-gamble-prediction-pg-stock-price-uptrend-begins/" rel="noopener noreferrer nofollow">NYSE: PG</a>) is trading above the 20, 50, 100, and 200 EMA’s (exponential moving average), which supports the Procter &amp; Gamble trend.</p> 
<p>In Monday’s trading session, buyers continued their dominance and succeeded in pulling the price upwards. Procter &amp; Gamble Co. has a market capitalization of $361.606 Billion, and its average volume is 6.172 Million.</p> 
<p>TradingView data shows more than 2.350 Billion PG shares are free-floating, and the remaining 1.800 Million shares are held by the company’s financial backers or the board of directors.</p> 
<h3 class="wp-block-heading" id="strong-procter-gamble-co-nyse-pg-earnings-revenue-strong"><strong>Procter &amp; Gamble Co (NYSE: PG) Earnings &amp; Revenue&nbsp;</strong></h3> 
<p>In Q1, Q2 and Q3 2023, <a href="https://www.thecoinrepublic.com/2023/07/14/the-procter-gamble-company-price-prediction-is-pg-in-danger/" target="_blank" rel="noopener noreferrer nofollow">Procter &amp; Gamble Co</a> reported more revenue than estimated figures. As per estimation, the company was supposed to report $20.37 Billion in Q1, $20.75 Billion in Q2 and $19.28 Billion in Q3. However, it reported $20.61 Billion in Q1, $20.77 Billion in Q2 and $20.10 Billion in Q3.&nbsp;</p> 
<p>Moreover, analysts believe that Procter &amp; Gamble Co might report $20.01 Billion in Q4 and $21.61 Billion in Q1 2024. In all three quarters Earning Per Share of the company surprised the investors as it reported an increased eps in all these quarters.</p> 
<p>In the financial year 2022, company revenue to profit conversion constituted 48% of gross profit, 26% of earnings before interest, taxes, depreciation, and amortization (EBITDA), 22% of earnings before interest and taxes (EBIT) and 18% of net income.&nbsp;</p> 
<p>A significant portion of the company’s income is generated from the business of Fabric, Home Care, Baby, Feminine, Family Care, Beauty, Healthcare, Grooming and Corporate. The company serves customers in more than 70 countries and it is headquartered in the United States.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer&nbsp;</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

PG Stock May Test Fresh 52-Week High As Buyers Dominate

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Thecoinrepublic.com

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