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Why Procter & Gamble Rose 11% in November

Why Procter & Gamble Rose 11% in November

Shares of Procter & Gamble (NYSE: PG) rose 10.8% in November, according to data from S&P Global Market Intelligence, as the consumer products giant benefited from a bullish outlook on its position in the market. Billionaire investor Nelson Peltz revealed that his Trian Fund had increased its stake in Procter & Gamble, though not by any significant size. Where it had previously owned 5,457 shares worth $785,000 -- Peltz's smallest holding -- the fund now owned 5,589 shares worth $706,000.