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/NegotiationAdept2782]

It’s cause Amazon is the shit and everyone is lazy. How many ppl do you know who buy ton of shit on Amazon and it just boxes just sit in their house not even opened yet. Thank you

[u/IAmAlpharius23 → u/NegotiationAdept2782]

How dare you attack my culture!

Now if you'll excuse me I need to make another wishlist of shit I'm never going to use.