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Wajeeh Khan

WHR Stock Alert: Whirlpool Sinks as CEO Warns of 'Recession-Level Industry Decline' Due to Iran War

Whirlpool WHR United States Iran

Whirlpool (WHR) shares crashed on May 7 as the company posted a disastrous Q1 earnings release, featuring CEO Mark Bitzer’s stark warning that the Iran war has triggered a “recession-level industry decline.”

The selloff saw WHR’s relative strength index (14-day) slide briefly into the late 20s on Thursday morning, indicating oversold conditions that often trigger a relief rally. 

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