Clorox Co. Shares Plunge 3.42% Amid Consumer Challenges

Clorox Co. (CLX) shares fell 0.02% today, marking the third consecutive day of decline, with a total drop of 3.42% over the past three days. The share price fell to its lowest level since July 2024 today, with an intraday decline of 0.93%.

The strategy of buying CLX shares after they reach a recent low and holding for 1 week resulted in poor performance over the past 5 years. The strategy's return was -6.34%, significantly underperforming the benchmark return of 50.02%. The excess return was -56.36%, and the CAGR was -2.73%. The strategy had a high maximum drawdown of -29.45% and a Sharpe ratio of -0.13, indicating significant risk and negative returns.

Clorox Co. has been facing challenges in its consumer products division, which has seen a decline in sales due to changing consumer preferences and increased competition. The company has been working to diversify its product offerings and improve its marketing strategies to address these issues.

Additionally, Clorox Co. has been impacted by supply chain disruptions and rising input costs, which have affected its profitability. The company has been taking steps to mitigate these challenges, including implementing cost-cutting measures and exploring new supply chain partnerships.

Despite these challenges, Clorox Co. remains optimistic about its long-term prospects. The company has been investing in research and development to innovate its product offerings and expand into new markets. Clorox Co. is also focused on sustainability initiatives, which it believes will drive long-term growth and customer loyalty.