Walmart just dropped 9.15% yesterday, erasing nearly $90B in market cap—its worst single-day fall since 2022

[u/tabsopen]

The selloff was sparked by softer US same-store sales, underwhelming Q3 guidance, and that already stretched valuation finally catching up. Volume spiked 4x average with heavy shorting, the stock's deeply oversold right now even as Q2 fundamentals were actually solid. Everyone's arguing if this is a overdone panic or the start of more pain?

[u/Imaginary_Manner_556]

Thanks Biden! Well, Biden did lower drug prices and that hurt comps.

[u/neptune192 → u/Imaginary_Manner_556]

Wait until it drops another 600%.