Wal-Mart Stores Inc. WMT saw a big move last session, as the company’s shares fell over 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. The stock gained 5.7% from Sep 18 to Oct 12, but since Oct 12 the stock has lost over 10%.
This slump shouldn’t be too much of a surprise to investors, as the retailer has seen 3 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
WMT currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
A better-ranked stock in the Retail-Supermarket sector is The Kroger Co. KR, which currently carries a Zacks Rank #2 (Buy).
Is WMT going up? Or down? Predict to see what others think: Up or Down
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