Why Clorox Stock Is Sliding Monday
Portfolio Pulse from Adam Eckert
Clorox Co (NYSE:CLX) shares are trading lower after the company disclosed that its operations were impacted by a cyber attack. The company is operating at a lower rate of order processing and is experiencing product availability issues. Clorox anticipates the breach to have a material impact on its Q1 financial results.
September 18, 2023 | 1:12 pm
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NEGATIVE IMPACT
Clorox Co's operations were impacted by a cyber attack, leading to lower order processing rates and product availability issues. This is expected to have a material impact on its Q1 financial results.
The cyber attack on Clorox Co has disrupted its operations, leading to lower order processing rates and product availability issues. This is likely to negatively impact its Q1 financial results, which could lead to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100