Why Church & Dwight Stock Rocketed Nearly 25% Higher in July
Shares of consumer products maker Church & Dwight (NYSE: CHD) rose a dramatic 25% or so in July according to data from S&P Global Market Intelligence. That added to earlier gains to push the stock higher by 36% through the first seven months of 2020. That's an incredible showing, given that the S&P 500 was up just about 2% over the same span. As with so many things today, Church & Dwight's stock performance is tied into the COVID-19 pandemic.
Church & Dwight is probably best known for its Arm & Hammer brand, which management has expanded well beyond its humble baking soda roots. However, as the company has pushed Arm & Hammer into new product categories, it has also expanded its portfolio of products and brand names in new areas as well. Today it sells laundry detergent, shower heads, and vitamins, among many other things. The company has long focused on creating novel products to drive growth.
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Source Fool.com
