Walmart shares rebound, bucking broader market downtrend

  • Stock Market News
Walmart shares rebound, bucking broader market downtrend
Credit: © Reuters.

Despite a grim trading session for the broader stock market on Wednesday, Walmart (NYSE: WMT ) Inc. managed to break its three-day losing streak, with its shares experiencing a modest rise of 0.32% to close at $163.91. This upward movement was in stark contrast to the overall market performance, which saw both the S&P 500 Index and the Dow Jones Industrial Average decline by 0.94% to 4,402.20 and 0.22% to 34,440.88 respectively.

The retail behemoth's shares closed $1.94 below its 52-week high of $165.85, which was achieved on September 13, 2023. Walmart's performance on Wednesday notably outshone some of its competitors, including Inc (NASDAQ: AMZN )., whose shares fell by 1.70% to $135.29.

In terms of trading volume, Walmart recorded a figure of 3.4 million, below its 50-day average volume of 5.4 million by 2.0 million.

The data for this report was provided by Dow Jones and FactSet and processed using automation technology.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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