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Why Walmart Stock Jumped Today

TheMotleyFool

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Why Walmart Stock Jumped TodayPhoto, wide shot, wide-angle lens, Fashion store, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.theapi.app/temp/4103ce22-87d6-4bef-ba44-0baf5ab280bb.png

Shares of Walmart (NYSE: WMT) climbed 6.8% on Tuesday after news broke that the retail titan is gearing up to take on Prime from Amazon.com (NASDAQ: AMZN).

Walmart will launch a new subscription service later in July, according to tech site Recode. The service will reportedly include same-day delivery for groceries and other goods, fuel discounts, and other special deals. It will be called Walmart+ and cost $98 per year.

Walmart is reportedly about to ramp up its e-commerce offerings. Image source: Getty Images.

Source Fool.com

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