Kimberry Pitt
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Kimberry Pitt in Kimberry Pitt,

Walmart has too Much Inventory on Hand?

Wal-Mart Store Inc. (WMT) will reducing inventory for Q3 and Q4 because consumers spend less money to shop and also they don't have enough worker to keep up with the stocks. Well, Wal-Mart just annouced that it will hire 35,000 more workers. When this information came out it make Wal-Mart's stock  going down real quick however there is another story saying that this information is misleading and Walt-Mart's inventory change all the time so the stock is back up right after. You can see from the chart. It's pretty crazy to me how all investor reacts to the news quickly.