Whirlpool Shares Sinking Lower, Down 2.2%
By Robert Cotter
One of today's stocks on the move is Whirlpool (NYSE:WHR), down 2.2% to $52.26. The Dow Jones Industrial Average is now trading 0.6% lower to 12,019 and the S&P is trading 0.6% lower to 1,251.
Whirlpool Corporation manufactures and markets major home appliances. The Company's principal products include laundry appliances, refrigeration and room air conditioning equipment, cooking appliances, dishwashers, and mixers and other small household appliances. Whirlpool's products are sold worldwide
Whirlpool share prices have moved between a 52-week high of $92.28 and a 52-week low of $47.35 and are now trading 10% above that low price at $52.26 per share. The 200-day and 50-day moving averages have moved 0.69% lower and 0.48% lower over the past week, respectively.
Whirlpool has overhead space with shares priced $52.26, or 24.6% below the average consensus analyst price target of $69.33. The stock should find initial resistance at its 50-day moving average (MA) of $53.65 and further resistance at its 200-day MA of $71.67.