Investors Concerned About Recent Events, Avon Hits 52 Week Low

Admin   |   02 October, 2014   |   654   |   3980

Shares of Avon Products Inc. (AVP) have lost much of its momentum and yesterday this New York-based global beauty retailer stock hit a new 52-week low of $12.45. We believe that the recently announced resignation of the company's Chief Financial Officer (CFO) and Executive Vice President, Kimberly Ross, has made investors cautious about the company's prospects. The resignation will take effect from Oct 2, 2014.

Ross, who joined Avon nearly three years back, proved to be an able leader as she significantly contributed toward the company's turnaround. Management remains pleased with her work and believes that the company is well on track for the future.