Why Whirlpool Corporation Stock Dropped 11% in October
Shares of Whirlpool Corporation (NYSE: WHR) headed down the drain last month, after the appliance giant reported a disappointing third-quarter earnings report and said it would stop supplying Sears Holdings (NASDAQ: SHLD), ending a partnership that had lasted a century. According to data from S&P Global Market Intelligence, Whirlpool stock finished the month down 11%.
Image source: Whirlpool.
As the chart below shows, the stock plunged on Oct. 24 as the company reported earnings and news broke about the divorce from Sears:
Source: Fool.com
Whirlpool Corp. Stock
€90.78
-2.460%
Our community is currently low on Whirlpool Corp. with 3 Buy predictions and 5 Sell predictions.
With a target price of 81 € there is a slightly negative potential of -10.77% for Whirlpool Corp. compared to the current price of 90.78 €.
