Recent extremely meaningful negative changes in investment behavior have impacted The Clorox Co (NYSE: CLX): the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.
The Clorox Co (NYSE: CLX) has recently experienced small negative changes in fundamentals: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to 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 D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Clorox has a slightly negative Appreciation Score of 37 and a neutral Power Rating of 56, with the Negative Value Trend Rating the result.
Recent Price Action
The Clorox Co (NYSE: CLX) stock closed at $139.63 on 5/1/24 after a large decline of -5.6%. Moreover, exceptionally high trading volume at 351% of normal accompanied the decline. The stock has declined -4.3% during the last week and has performed in line with the market over the last nine months.
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