Home cleaning products maker Clorox Co said it was discontinuing operations in Venezuela as the business was no longer viable and that it was looking to sell its assets there.The company's shares rose 6 percent to $96 in premarket trading.Clorox said the operating restrictions imposed by the Venezuelan government, economic uncertainty and supply disruptions would have led to considerable operating losses for the foreseeable future.Venezuela devalued its currency bolivar last year, which forced a number of consumer goods companies such as Colgate-Palmolive Co and Avon Products Inc to slash product prices.
Avon Products, Inc. (Avon) is a manufacturer and marketer of beauty and related products. Shares of AVP fell by 0.15% or $-0.02/share to $13.19. In the past year, the shares have traded as low as $12.80 and as high as $22.86. On average, 3883630 shares of AVP exchange hands on a given day and today's volume is recorded at 65263.
Colgate-Palmolive Company (Colgate) is a consumer products company whose products are marketed in over 200 countries and territories throughout the world. Shares of CL traded higher by 0.61% or $0.4/share to $65.68. In the past year, the shares have traded as low as $58.72 and as high as $70.11. On average, 3043430 shares of CL exchange hands on a given day and today's volume is recorded at 157971.
Source
