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Clorox Co. [NYSE: CLX] Sees Decrease in Stock Value

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Clorox Co. shares valued at $286,842 were sold by Hilt Angela C on Sep 06 ’24. At $165.52 per share, Hilt Angela C sold 1,733 shares. The insider’s holdings dropped to 13,471 shares worth approximately $2.14 million following the completion of this transaction.

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Also, Hilt Angela C purchased 1,733 shares, netting a total of over 285,980 in proceeds.

As published in a research note from Jefferies on October 01, 2024, Clorox Co. [CLX] has been rated up from a Hold to a Buy and the price target has been revised to $187 from $174. Analysts at TD Cowen started covering the stock with ‘”a Sell”‘ outlook in a report released in late July. As of June 24, 2024, Exane BNP Paribas has initiated its “an Underperform” rating for CLX. Earlier on April 02, 2024, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for CLX stock which previously was a “a Buy”.

Analyzing CLX Stock Performance

During the last five days, there has been a drop of approximately -2.70%. Over the course of the year, Clorox Co. shares have jumped approximately 11.52%. Shares of the company reached a 52-week high of $169.09 on 09/16/24 and a 52-week low of $127.60 on 05/29/24. A 50-day SMA is recorded $159.98, while a 200-day SMA reached $146.84. Nevertheless, trading volume fell to 0.94 million shares from 0.87 million shares the previous day.

Support And Resistance Levels for Clorox Co. (CLX)

According to the 24-hour chart, there is a support level at 157.64, which, if violated, would cause prices to drop to 156.25. In the upper region, resistance lies at 159.87. The next price resistance is at 160.71. RSI (Relative Strength Index) is 43.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.28, which suggests the price will decrease in the coming days. Percent R is at 71.95%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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