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StockNews.com
Business
Pragya Pandey

WD-40 Tumbles Following Lowered Guidance. Should Investors Consider Selling the Stock?

WD-40 Company (WDFC) creates and distributes maintenance goods, home care, and cleaning products across the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company owns several well-known trademarks, including WD-40 Multi-Use Product, WD-40 Specialist, 3-IN-ONE, GT85, 2000 Flushes, no vac, 1001, Spot Shot, Lava, Solvol, X-14, and Carpet Fresh.

Its shares fell 14.9% on July 8 after the firm reported disappointing fiscal third-quarter results on July 7 and reduced its guidance for fiscal 2022, citing high inflation as a drag on earnings and sales.

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