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Clorox Co. [CLX] Investment Appeal on the Rise

In a filing, Clorox Co. revealed its EVP – Chief Legal Officer Hilt Angela C unloaded Company’s shares for reported $0.29 million on Sep 06 ’24. In the deal valued at $165.52 per share,1,733 shares were sold. As a result of this transaction, Hilt Angela C now holds 13,471 shares worth roughly $2.24 million.

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Then, Hilt Angela C bought 1,733 shares, generating $285,980 in total proceeds.

TD Cowen initiated its Clorox Co. [CLX] rating to a Sell in a research note published on July 23, 2024; the price target was $122. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in late June with a ‘”an Underperform”‘ rating. Citigroup also remained covering CLX and has decreased its forecast on April 02, 2024 with a “Neutral” recommendation from previously “Buy” rating. Jefferies revised its rating on March 26, 2024. It rated CLX as “a Hold” which previously was an “an Underperform”.

Price Performance Review of CLX

On Friday, Clorox Co. [NYSE:CLX] saw its stock jump 0.79% to $166.27. Over the last five days, the stock has gained 0.92%. Clorox Co. shares have risen nearly 16.61% since the year began. Nevertheless, the stocks have risen 12.84% over the past one year. While a 52-week high of $167.75 was reached on 09/10/24, a 52-week low of $114.68 was recorded on 05/29/24. SMA at 50 days reached $145.66, while 200 days put it at $144.07.

Levels Of Support And Resistance For CLX Stock

The 24-hour chart illustrates a support level at 165.14, which if violated will result in even more drops to 164.01. On the upside, there is a resistance level at 166.95. A further resistance level may holdings at 167.62. The Relative Strength Index (RSI) on the 14-day chart is 76.46, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.91%. Stochastics %K at 83.93% indicates the stock is a selling.

How much short interest is there in Clorox Co.?

A steep rise in short interest was recorded in Clorox Co. stocks on 2024-08-30, dropping by -0.67 million shares to a total of 3.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 4.39 million shares. There was a decline of -18.08%, which implies that there is a negative sentiment for the stock.

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