The S&P 500 Is Dropping Like a Rock but Clorox Stock Is Rising -- Here's Why
Clorox(CLX) The Motley Fool·2024-08-02 23:44
The company is earning good profits, but is the stock jumping too high? Shares of consumer conglomerate The Clorox Company (CLX 3.80%) rose on Friday even though the S&P 500 dropped like a rock. The company reported results for its fiscal fourth quarter of 2024 that encouraged investors. As of 10:40 a.m. ET today, Clorox stock was up 5%, whereas the S&P 500 was down a sharp 2.5%. So Clorox's quarter was good, right? In the case of Clorox, I wouldn't call its latest quarter an overwhelming success even thoug ...