Avon Products is considering a possible sale of its North America business as it explores strategic alternatives, The Wall Street Journal reported Tuesday.
Trading in the stock was briefly halted Tuesday because of volatility. It spiked when trading resumed around 12:50 p.m. ET and by midafternoon it was up nearly 12 percent.
Avon on Monday canceled its analyst meeting slated for next month. The Journal said the structural review prompted the postponement until the fall.
A deal for the North American business is not imminent, the newspaper added, citing people familiar with the situation.