Shares of Walmart (NYSE: WMT) have not fared well recently and have tanked 19.4% in the past month alone. Currently, the stock is hovering around its 52-week low with a closing price of $119.41 on June 13. This drop in the stock price has been further exacerbated by Walmart’s disappointing Q1 results, which saw its operating income fall 23% year-over-year to $5.3 billion in Q1. The retail sector has been adversely impacted due to multiple headwinds of soaring inflation, tight supplies, and labor shortages.
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