- WND - http://www.wnd.com -

Wal-Mart stock dives, recovers

(Business Insider) A Bloomberg News story asserting that Wal-Mart is “cutting orders as unsold merchandise piles up in stores” sent shares of the retailing giant tanking briefly, falling as much as 2.9% in intraday trading, before coming all the way back when the company offered a rebuttal.

Wal-Mart called the report “misleading,” saying the emails cited by Bloomberg reporter Renee Dudley were part of a normal discussion between buyers and suppliers.