Why Whirlpool Stock Tumbled This Week
Companies can be impacted in different ways by tariffs, like those that are being announced by the Trump administration. Some domestic manufacturers, including steelmakers, may benefit as commodity prices rise. Others will see costs increase on raw materials or products being imported as part of their business.
Appliance maker (NYSE: WHR) may be one company that will be negatively impacted from both sides. That's because steel tariffs are expected to raise the price of that commodity, which is a large input cost for Whirlpool. On top of that, the company may have to absorb increased tariff expenses for imported parts and goods.
Those concerns for rising costs had investors selling Whirlpool stock this week. Shares sank by about 9% as of Thursday afternoon, according to data provided by S&P Global Market Intelligence.
Source Fool.com
Whirlpool Corp. Stock
The sentiment is rather negative at the moment with 7 Sell predictions and 2 Buy predictions.
With a target price of 75 € there is a slightly negative potential of -18.48% for Whirlpool Corp. compared to the current price of 92.0 €.
