The Clorox Co (NYSE: CLX) has recently experienced extremely meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Minimal negative changes in fundamentals have recently occurred for The Clorox Co (NYSE: CLX): significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
CLX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Clorox has a current Value Trend Rating of C (Low Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Clorox has a neutral Power Rating of 48 and a slightly negative Appreciation Score of 39, producing the Low Neutral Value Trend Rating.
Recent Price Action
The Clorox Co (NYSE: CLX) stock declined modestly by -1.0% on 4/15/24. The stock closed at $140.53. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -3.7% during the last week.
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