In contrast to the broad-based market rally yesterday, Walmart's (WMT) shares dropped 1.64% as macro headwinds continue to impact the retailer. According to the Wall Street Journal, Walmart is shedding about 200 jobs in a restructuring push. Although the analyst consensus on the stock is still a Strong Buy, the stock price has dropped more than 9% year-to-date. As challenges mount, WMT stock does not seem ready to rise in the near future. The development comes after Walmart issued a profit warning, with customers shying away from discretionary spending.
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Walmart (NYSE:WMT)
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Walmart (NYSE:WMT)
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De Set 2021 até Set 2022 Click aqui para mais gráficos Walmart.