Wal-Mart Stock Nosedives As It Tries To Compete With Amazon
Wal-Mart's stocks fell as the company announced low growth rates. Investors are worried about the company's long-term investments paying off.By Bell Johnson | October 14, 2015
Investors are beginning to question Wal-Mart's growth strategy after the company announced a projected 6 to 12 percent drop in earnings for the 2017 fiscal year.
Shares nose-dived 10 percent on the announcement; the company's stock has gone down nearly 30 percent this year.