- Clorox ( NYSE: CLX ) rose 2.3% on speculation that the company may be targeted by an activist investor.
- The board nomination window for Clorox is set to open on Wednesday, that's when investors can begin to nominate directors for the board, Dealreporter highlighted Tuesday. Although no major activists have disclosed positions in the cleaning products giant, trading volume last month was noteworthy.
- The speculation comes as Clorox ( CLX ) in May added two new board members , Julia Denman and Stephanie Plaines, to its board, expanding the board to 13 from 11.
- Clorox ( CLX ) short interest is 6.8%.
- Clorox jumped 6% on June 23 a day after gaining 5.2% and CNBC's Jim Cramer pointed out on June 23 that the stock was moving up for a few days for no reason.
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Clorox gains on speculation on possible activist investor