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