Why Walmart Plunged Today

Shares of Walmart (NASDAQ: WMT) fell 4.5% on Wednesday as of 1:05 p.m. EDT. The day's fall marks an extension of a recent pullback in Walmart shares, which are now down nearly 20% from their May highs.Today, a Wall Street analyst issued a negative note on Walmart's same-store sales, leading to another leg down in this month-long pullback. Today, sell-side research firm Cleveland Research published a note on Walmart, stating that its channel checks showed a slowdown in same-store sales. The analyst noted that Walmart may be lowering prices to clear excess inventory, which the company may offset with tariff refunds. As a result, the analysts questioned whether Walmart will be able to beat its sales guidance for the quarter, which ends at the end of July. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool