Wal Mart Tanks After Issuing Lower 2017 Guidance

Wal=Mart Stors

shares are trading lower by $3.20 at $62.91 in Thursday's session. Despite a Q4 beat of $0,06 with slight miss for revenues, the Street is rattled by is lowered 2017 guidance. Although it had a much lower open, the high for the day was made only $0.15 above it at $63.89. Within in the first 30 minutes of the session, it swooned all the way to $62.35 before having a significant rebound. The current low coincides with its January 22 low of $62.13. The issue has had a decent performance so far this year, compared to the broad market. At this time, it is still above it 2015 year-end close of $61.30.