Wal Mart is now a ‘broken stock’. Their lower than expected December sales sent the stock significantly lower and out of the pattern.
Wal Mart Stock Chart - Daily
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I think everyone in Wal Mart (WMT) went to Sears (SHLD).
What do you think the chances are that it reverses very quickly?
WMT is a big component of the S&P 500 index!
Walmart has been making significant changes to its marketing and management structure, they are cutting some of the upper management jobs and trying to streamline the company. this means that there are going to be many looking for jobs but their stock should level out and hopefully increase.