Its stock jumped as much as 13 percent after the report was published, but soon gave up the gain and closed at US$4.10 in New York, down 9.5 percent. The paper also noted that this is just one of the options the cosmetics group is considering.

Avon’s shares were down for most of Thursday before being halted for market volatility. However, in after hours, the stock gained $0.05 or 1.22%. Institutional Investors own 96.3% of Company shares.

Avon Products, Inc. (NYSE:AVP): The mean short term price target for Avon Products, Inc. The 52-week low of the share price is $4.37.

The U.S. Securities and Exchange Commission has since charged a Bulgarian man with being an architect behind the hoax. The transaction was executed at $7.25 per share with total amount equaling $72,500. With the volume soaring to 40,373,923 shares, the last trade was called at $4.1. Avon Products reported actual earnings last quarter of 0.11, which beat the.08 consensus estimate, a 37.50% surprise. Year-to-Date the stock performance stands at -55.27%.

Avon Products, Inc. (NYSE:AVP) opened trading today as $4.17 and is trading in the range of 4.07-4.54 today. The Companys segments are based on geographic operations and include commercial business units in Latin America; Europe, Middle East and Africa; North America, and Asia Pacific.

The lawsuit stems from shareholder claims that the company’s former CEO and CFO intended to mislead shareholders from 2006 – 2011 about bribes of Chinese foreign officials to obtain licences for direct sales in the country.