Whirlpool Stock Drops Sharply After Three Positive Sessions
WHIRLPOOL ’s stock turned sharply negative today, ending its three-day winning streak with a steep decline. The stock closed 11.42% lower, marking one of its most significant single-day drops in recent months. The sell-off was triggered by reports that the promoter intends to offload up to 95 lakh shares—equivalent to nearly a 7.5% stake—through a large block deal. This development created immediate supply pressure in the market, prompting traders and investors to book profits after the recent positive run. The sudden shift in sentiment pushed the stock firmly into the red, signalling heightened near-term caution among market participants.
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