Stock Mover of The Day: Is Selling Clorox Co Here a Winning Strategy?

Stock Mover of The Day: Is Selling Clorox Co Here a Winning Strategy?

The stock of Clorox Co (NYSE:CLX) hit a new 52-week low and has $109.19 target or 5.00% below today’s $114.94 share price. The 8 months bearish chart indicates high risk for the $14.93B company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $109.19 price target is reached, the company will be worth $746.50M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 630,513 shares traded hands. Clorox Co (NYSE:CLX) has declined 10.42% since April 7, 2016 and is downtrending. It has underperformed by 15.20% the S&P500.

Clorox Co (NYSE:CLX) Ratings Coverage

Out of 9 analysts covering The Clorox Company (NYSE:CLX), 1 rate it a “Buy”, 4 “Sell”, while 4 “Hold”. This means 11% are positive. The Clorox Company has been the topic of 18 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Underweight” rating given by Barclays Capital on Monday, March 21. As per Tuesday, June 14, the company rating was initiated by Atlantic Securities. RBC Capital Markets maintained Clorox Co (NYSE:CLX) on Thursday, November 3 with “Sector Perform” rating. The company was maintained on Tuesday, November 3 by RBC Capital Markets. The stock has “Underweight” rating given by Barclays Capital on Wednesday, October 7. The firm earned “Hold” rating on Wednesday, August 5 by Deutsche Bank. As per Thursday, August 4, the company rating was maintained by UBS. The stock of Clorox Co (NYSE:CLX) has “Hold” rating given on Tuesday, November 3 by Deutsche Bank. JP Morgan maintained the shares of CLX in a report on Wednesday, May 4 with “Underweight” rating. Atlantic Securities upgraded the stock to “Buy” rating in Friday, September 16 report.

According to Zacks Investment Research, “Clorox Company’s business operations, represented by the aggregate of its U.S. Household Products and Canada, U.S. Specialty Products and International segments, include the production and marketing of non-durable consumer products sold primarily through grocery and other retail stores.”

Insitutional Activity: The institutional sentiment decreased to 0.98 in Q2 2016. Its down 0.12, from 1.1 in 2016Q1. The ratio is negative, as 66 funds sold all Clorox Co shares owned while 246 reduced positions. 49 funds bought stakes while 256 increased positions. They now own 87.29 million shares or 6.63% less from 93.49 million shares in 2016Q1.
The Michigan-based State Treasurer State Of Michigan has invested 0.05% in Clorox Co (NYSE:CLX). Peregrine Asset Advisers Inc, a Oregon-based fund reported 5,167 shares. First Mercantile Tru accumulated 0.12% or 6,900 shares. Moreover, Davidson And Garrard has 0.07% invested in Clorox Co (NYSE:CLX) for 2,079 shares. Schmidt P J Investment Mngmt Incorporated last reported 9,367 shares in the company. Amer Interest Group has 54,701 shares for 0% of their US portfolio. Parsec Fincl Mngmt accumulated 0.02% or 1,557 shares. Deutsche Bank & Trust Ag, a Germany-based fund reported 578,354 shares. Aspiriant Ltd Llc, a California-based fund reported 3,307 shares. The United Kingdom-based Lombard Odier Asset Mgmt (Europe) Ltd has invested 0.01% in Clorox Co (NYSE:CLX). Westport Resources reported 9,155 shares or 0.41% of all its holdings. Moreover, Timber Creek Cap Mngmt Limited Co has 0.03% invested in Clorox Co (NYSE:CLX) for 300 shares. Chemical Bank & Trust last reported 0.19% of its portfolio in the stock. Moreover, Navellier And Associate Inc has 1.92% invested in Clorox Co (NYSE:CLX) for 92,935 shares. Perkins Coie has 232 shares for 0.02% of their US portfolio.

Insider Transactions: Since May 10, 2016, the stock had 0 buys, and 4 selling transactions for $7.31 million net activity. $673,517 worth of shares were sold by Balousek Jon M on Monday, August 29. STEIN LAURA sold 38,882 shares worth $5.12 million. 925 shares were sold by Vlahos Nikolaos A, worth $123,093. On Wednesday, August 17 the insider Willoughby Dawn C sold $1.39M.

More recent Clorox Co (NYSE:CLX) news were published by: Investorplace.com which released: “Can Clorox Co Stock Get Back on Track? (CLX)” on October 25, 2016. Also Prnewswire.com published the news titled: “Tampa Gets America’s Heaviest Dose of Negative Presidential Campaign Ads …” on November 03, 2016. Rttnews.com‘s news article titled: “Clorox Co. Earnings Advance 3% In Q1” with publication date: November 02, 2016 was also an interesting one.

CLX Company Profile

The Clorox Company, incorporated on September 5, 1986, is a maker and marketer of consumer and professional products. The Firm sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Firm operates through four divisions: Cleaning, Household, Lifestyle and International. The Firm markets some of the consumer brand names, including namesake bleach and cleaning products, Pine-Sol cleaners, Liquid-Plumr clog removers, Poett home care products, Fresh Step cat litter, Glad bags, wraps and containers, Kingsford charcoal, Hidden Valley dressings and sauces, Brita water-filtration products and Burt’s Bees natural personal care products. The Firm also markets brands for professional services, including Clorox Healthcare and Clorox Commercial Solutions. The Firm makes products in approximately 10 countries and markets them in over 100 countries.

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