Clorox slips as CEO departure announced
Clorox shares fell 6.4% to $90.02 Friday after CEO Linda Rendle said she would step down for health reasons, intensifying concerns over weak sales and profit outlook. Trading volume jumped to 4.6 million shares. The stock underperformed peers as the S&P 500 and Dow rose. Rendle will remain in her roles until a successor is named.