{"id":59541,"date":"2014-08-29T13:22:31","date_gmt":"2014-08-29T17:22:31","guid":{"rendered":"http:\/\/countingpips.com\/?p=59541"},"modified":"2014-08-29T13:22:31","modified_gmt":"2014-08-29T17:22:31","slug":"why-the-wesfarmers-share-price-fell-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/08\/why-the-wesfarmers-share-price-fell-today\/","title":{"rendered":"Why the Wesfarmers Share Price Fell Today"},"content":{"rendered":"
August 29, 2014<\/div>
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By MoneyMorning.com.au<\/u><\/a><\/p>\n

What Happened to the Wesfarmers Share Price?<\/h2>\n

Wesfarmers Limited [ASX:WES]<\/strong> is a diversified conglomerate. The company operates chain supermarkets, liquor shops, home improvement stores such as Bunnings and Officeworks, as well as mid-market department chain Target and the discount retailer Kmart.<\/p>\n

Also under their umbrella are insurance and financial services, two coal mines, and a chemical and fertiliser division. They even have interests in industrial and safety products and services to the mining industry.<\/p>\n

Wesfarmers closed down on Friday 3.24%<\/p>\n

Why Did This Happen to WES Shares?<\/h2>\n

Wesfarmers went ex-dividend today. The final dividend was $1.05 however at one point the stock was down as much as $1.530.<\/p>\n

What Now for Wesfarmers?<\/h2>\n

In the days leading up to Wesfarmers going ex-dividend, the conglomerate recently acquired a work wear business from Pacific Brands Limited [ASX:PBG]<\/strong> for $180 million.<\/p>

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Wesfarmers\u2019 diversified interests make it a solid defensive stock. They have an eye for turning around a struggling business as they did Air Liquide.<\/p>\n

However at its current price of around $43 you don\u2019t risk over paying for the stock. Wesfarmers regularly dips. These could provide an entry point. <\/p>\n

Share in Wesfarmers haven\u2019t fallen below $41.00 per share in almost twelve months. This price point may be a good entry point. However there is very little technical support for the stock between $37\u201341.<\/p>\n

Shae Smith+<\/a>
\nEditor, Money Weekend<\/em><\/strong> <\/p>\n

Join Money Morning on Google+ <\/span><\/a><\/strong><\/p>\n

The post Why the Wesfarmers Share Price Fell Today<\/a> appeared first on Stock Market News, Finance and Investments | Money Morning Australia<\/a>.<\/p>\n

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\nBy MoneyMorning.com.au<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au What Happened to the Wesfarmers Share Price? Wesfarmers Limited [ASX:WES] is a diversified conglomerate. The company operates chain supermarkets, liquor shops, home improvement stores such as Bunnings and Officeworks, as well as mid-market department chain Target and the discount retailer Kmart. Also under their umbrella are insurance and financial services, two coal mines, […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-59541","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/59541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=59541"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/59541\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=59541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=59541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=59541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}