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Wal-Mart stock dives, recovers
Posted By -NO AUTHOR- On 09/25/2013 @ 5:22 pm In Money | No Comments
(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.
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