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Whirlpool will need another 170 basis points to reach 9%, but price increases, ongoing cost cuts, and a possible improvement in higher-margin discretionary MDA purchases might get it there.
Whirlpool stock soared Wednesday on the news. Also Read: Strategic Divestiture: ... Price Action: WHR shares traded higher by 17.50% at $102.24 at the last check on Wednesday.
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The U.S International Trade Commission ruled 6–0 in favor of Whirlpool, finding that the U.S washing machine industry was threatened by imports of residential washers from South Korea. Also, the commission stated South Korean producers, Daewoo, LG, and Samsung were dumping washing machines far below their market value. Investigation into the ...
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Whirlpool stock is down 5.7% year to date despite those promised cost cuts, lagging the 7.5% advance for the S&P 500. Home Depot's stock is off by 7% on the year, while Best Buy has shed 6.9% ...
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