Why Clorox Rose 14.7% This Week

·3 min read

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.

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