Here's Why Whirlpool Surged 13% Today (and Why There Could Be More to Come)
Whirlpool (WHR) The Motley Fool·2024-10-24 16:37The company reassured investors it was on track to meet its full-year guidance, which was enough to send the stock soaring.When a stock is as unloved as Whirlpool (WHR 14.19%), a mere reiteration of full-year expectations in an earnings report can cause the stock to soar. That happened after the company released its third-quarter earnings after the close of trading on Wednesday evening. By 11 a.m. ET today, the stock was up 13%.It's not that badGiven the deterioration in the housing market and Whirlpool's t ...