Colgate-Palmolive stock (NYSE: CL) has gained 40% in value since early January 2023 – jumping from levels of around $75 then to over $105 now – vs. an increase of about 45% for the S&P 500 over this period.

Shares of Colgate-Palmolive Co. CL shed 0.83% to $104.56 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.03% to 5,634.58 and the Dow Jones Industrial Average DJIA falling 0.04% to 41,606.18.

By - Dr. C.P. Gupta, Professor: Department of Finance and Business Economics, University of Delhi