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Procter & Gamble Is Down 12% From Its High. Time to Buy?

Procter & Gamble Is Down 12% From Its High. Time to Buy?

Procter & Gamble (NYSE: PG) stock is on sale right now. Share prices have declined by roughly 12% since the market started slumping in early 2022, reducing its valuation and boosting P&G's dividend yield in the process. Does that drop make the consumer staples giant an obvious buy for investors today, or should you pass on this stock and look for growth elsewhere?