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Procter & Gamble stock price: PG shares slip as Italy ad probe and insider sale set up a key week
Procter & Gamble (PG) shares slipped by 0.7% to $160.07 on Friday, following news of an Italian antitrust probe into its Braun Skin i-Expert epilator ads and an insider selling 36,093 shares. The company faces a potentially messy near-term outlook with the ongoing probe and uncertainty surrounding inflation and interest rate impacts on consumer stocks, as it prepares for its next quarterly dividend and upcoming analyst presentations.