Walmart Drops, Netflix Falls, Reddit Drops After Downgrade
On this episode of Stock Movers:- Walmart shares drop on the heals of a US credit downgrade from Moody’s, as President Donald Trump tells the retailer to “eat the tariffs.” Trump’s comments on Saturday are in response to Walmart’s statement on May 15 that tariffs and increasing economic turbulence means the world’s largest retailer will have to raise prices.- Netflix shares fall after the company is downgraded to neutral from overweight at JPMorgan, with analysts citing a more balanced risk-reward in the streaming service provider’s shares following…
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