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The Clorox Company (0I0J.L)

LSE - LSE Delayed price. Currency in USD
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119.01-22.94 (-16.16%)
At close: 03:31PM BST
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    Solid Demand & Innovation Aid Clorox (CLX) Amid Inflation Woes

    Clorox (CLX) is likely to gain from a robust product demand, brand strength and innovation. Its cost-saving efforts bode well amid ongoing inflationary pressures.

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    Why Clorox Rose 14.7% This Week

    Shares of Clorox (NYSE: CLX) rose 14.7% this week, as the consumer-staples stock appeared to benefit from a decline in long-term interest rates. Clorox, which could be considered a pandemic stock, has seen a sell-off this year as inflation has risen. Additionally, a rise in long-term interest rates hurt the stock somewhat, since low-growth, dividend-paying consumer staples stocks are seen as bond proxies by many investors.