Shares of Avon Products (AVP) fell in Monday’s trading session after getting kicked out of the S&P 500, making it TheStreet’s Move of the Day. Last Friday, the S&P Down Jones Indices announced that after a more than fifty-year run in the index, the troubled cosmetics giant will be moved to the S&P MidCap 400 index. Avon is being replaced by underwear and T-shirt maker Hanesbrands (HBI) at the end of close on Friday. TheStreet’s Jim Cramer says Avon’s last quarter was a distinct disappointment, and that the stock is a nightmare for any portfolio manager. Shares of Avon Products ended the regular session down on more than double its average trading volume, making it the top loser on the S&P 500. TheStreet’s Kurumi Fukushima reports in New York.
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