Walmart's Stock Faces a 12% Plunge

Walmart Inc. shares may be poised to fall by nearly 12% based on an analysis of the technical charts, sending shares back to $73, levels not seen since July of 2017. Shares of Walmart are already down by nearly 25% from its highs made in late January when shares were trading at almost $110. The retailing giant plunged in January after the company reported slowing e-commerce growth in its fiscal fourth quarter of 2018. Additionally, the stock has come under pressure since acquiring a controlling interest in India's largest e-commerce company Flipkart for $16 billion and reporting its first-quarter results at the start of May.