Home Options Shares of Walmart Slump on Online Sales Concerns

0 125

Walmart (WMT) shares slumped in trading on Wednesday during a volatile session after the FOMC minutes were released. But WMT shares were mostly pushed lower due to increasing concerns that company is losing ground in online sales to Amazon. In response, the company has proposed some plans to turn the situation around, but for now markets are still bearish on the company’s nearterm outlook. WMT shares closed at 91.52, down -2.75%. Keep an eye on its online sales projections for clues to when shares might bounce back or perhaps continue to slide.


Leave a Reply