Clorox stock rises 1.76% and outperforms competitors
Updated
Updated · MarketWatch · Apr 30
Clorox stock rises 1.76% and outperforms competitors
8 articles · Updated · MarketWatch · Apr 30
Shares closed at $96.44 on Thursday, beating gains by Procter & Gamble, Ecolab and Colgate-Palmolive as the S&P 500 rose 1.02% and the Dow gained 1.62%.
The advance ended a three-day losing streak, while trading volume reached 4.6 million shares, above the stock's 50-day average of 2.2 million.
Even after the gain, Clorox remained 31.84% below its 52-week high of $141.50 reached on May 1.
After its post-earnings plunge, is Clorox now a bargain stock or a value trap for unsuspecting investors?
Is Clorox's massive Purell acquisition a brilliant growth play or a costly distraction from its deep-rooted operational problems?