Why Walmart Stock Was Sliding Today
Shares of Walmart (NYSE: WMT) were pulling back today along with a broader slide in the retail sector, after the Conference Board's Consumer Confidence Index fell to a four-year-low, with future expectations hitting a 12-year low, according to the Conference Board.
As the country's and the world's biggest retailer, Walmart has arguably more exposure to consumer spending than any other company, though its reputation for low prices may make it better positioned than some other retailers to weather a recession.
As of 2:07 p.m. ET, Walmart stock was down 2.9% on the news. At the same time, the SPDR S Retail ETF was down 1.1%, and Target was down 3.4%.
Source Fool.com
Walmart Inc. Stock
€106.68
0.110%
With 105 Buy predictions and 1 Sell predictions Walmart Inc. is one of the favorites of our community.
However, we have a potential of -1.57% for Walmart Inc. as the target price of 105 € is below the current price of 106.68 €.
