Why Whirlpool Stock Is Down Big Today
Tariffs and trade wars are eating into business at (NYSE: WHR), causing the company to miss expectations. Investors are worried there is no quick fix, sending Whirlpool shares down 11% as of 10:30 Eastern.
Image source: Getty Images.
Whirlpool is one of the potential long-term winners from a trade war, with a relatively large U.S. manufacturing footprint and a business vulnerable to foreign competition. But the tariffs have been more talk than action so far, and that is weighing on returns.
Source Fool.com
Whirlpool Corp. Stock
€73.44
-1.080%
Currently there is a rather negative sentiment for Whirlpool Corp. with 3 Buy predictions and 6 Sell predictions..
A slightly negative potential of -14.22% at a current price of 73.44 € for Whirlpool Corp. is the result of a target price of 63 €.
