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PPG Industries Inc (NYSE:PPG) shares are rising in extended trading Wednesday after the company announced global price increases and reported preliminary first-quarter results.
- PPG Industries stock is under selling pressure. Why are PPG shares declining?
PPG Anticipates Strong Q1 Earnings
After the market close on Wednesday, PPG announced that it started raising prices across all of its product lines by up to 20% amid continued global volatility and supply constraints.
“This pricing action allows us to ensure availability of supply as we navigate unexpected and increased cost pressures,” said Tim Knavish, chairman and …
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