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Share price drops 18% today.
October 27, 2011
By: TOM BRANNA
Editor
It’s more bad news for the world’s largest direct selling beauty company. Avon Products Inc.’s share price plunged 18% today after the company said the Securities and Exchange Commission is investigating its contact with financial analysts in 2010 and 2011, the latest roadblock for the cosmetics direct seller that is struggling to turn around its results. Avon’s share price was already down 21% on the year prior to today’s opening bell.
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