Shares closed at $94.77 on Wednesday, marking a third straight day of losses and trading 33.44% below last year’s high.
Clorox underperformed major competitors, with Procter & Gamble, Ecolab, and Colgate-Palmolive also declining. Trading volume surged to 3.8 million, well above the 50-day average.
The drop occurred during a generally rough session for the stock market, as the S&P 500 and Dow Jones Industrial Average both posted losses.
Can Clorox’s $2.25B Purell deal overcome its stock slide and rising operational risks?
With its stock down 33%, is Clorox now an undervalued dividend king or a falling knife for investors?
While Clorox stumbles, are rivals like Procter & Gamble better positioned to navigate the current economic challenges?
Is Clorox's massive new SAP system a temporary glitch or a long-term strategic blunder causing the stock's decline?
New state laws force brands to pay for packaging waste. How will this impact Clorox's profits and product prices?