Clorox Stock Plunges 1.89% to August 2024 Low

Highly regarded for its household cleaning and disinfecting products, Clorox's stock price experienced a notable decline, falling to its lowest level since August 2024, with an intraday drop of 1.89%.

Clorox's stock has been on a downward trajectory, with a 1.80% decrease from $138.90 to $136.40 as of April 8, 2025. This decline marks the third consecutive day of negative performance, raising concerns among investors about the company's future prospects. Analysts predict that the stock could fall by approximately 10.28% over the next three months, reflecting a bearish outlook.

One significant factor contributing to the recent volatility in Clorox's stock price is the reduction in short interest during March. This decrease may have influenced the stock's performance, as short sellers covering their positions could have driven up the price temporarily. However, the overall trend remains bearish, indicating that investors are cautious about the company's future performance.

Clorox's upcoming ex-dividend date on April 23, 2025, with a dividend of $1.22, is another factor that could impact investor decisions in the short term. Dividends often attract income-focused investors, but the current market sentiment suggests that this may not be enough to reverse the downward trend. Investors are likely to weigh the dividend against the company's long-term prospects and recent challenges.

Clorox has faced several operational challenges in recent times, including ballooning inflation and a cyberattack that disrupted its operations. These issues have raised concerns about the company's ability to maintain its market position and profitability. The long-term implications of these challenges on investor sentiment and stock performance remain uncertain, but they are likely to continue influencing the stock price in the coming months.