Over the past few days, the markets have been taking a few unexpected twists and turns. The gasoline prices have been surprisingly kind. Even through the times of war in Syria and Iraq, oil supplies are seemingly unhindered. The housing stats climbed up higher and the dollar rate has strengthened. This seems to be a bitter-sweet moment for many investors.
One such change is the drop in the price of Walmart shares. There was a 3.7 percent drop in the WMT.N shares; this changed the share price to $76.89. With a similar fate was Urban Outfitters whose stocks fell by 17 percent. In contrast is Home Depot, whose stocks went a bit high by 0.2 percent.
Even though Walmart does earn its due though decent sales across their stores, there are other challenges it faces as well. The first reason is the strength of the dollar that has been cumbersome to Walmart. Secondly, the demand for better wages has been a pull-down to the chain-store.
Whatever the reason may be, the sudden change in the value of Walmart has been disappointing. Only time will tell if any changes in the market may cause a ripple effect and help the Walmart case for future stocks. Investors better be on the lookout for any such tip in the scales.
Image: Via Flickr/Mike Mozart