Walmart Plunges Nearly 10%

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WMT (Walmart) stock plunges as higher wages and lower sales cut profits. There could be massive layoffs coming into the 2016 year. The price of Walmart stock is 33% below its 52 week high.

I thought I would never have done this but I sold my NEM holdings for WMT. Just could not pass up this fire sale! Walmart also announced that it will do a 20 billion dollar buy back program for the next 2 years to appease the bad news today.

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3 thoughts on “Walmart Plunges Nearly 10%

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