Walmart (NYSE:WMT) Stock Recoups Losses; Will the Recovery Sustain?
November 16 2022 - 07:02AM
TipRanks
Walmart's (NYSE:WMT) stock has traded in the red for most of this
year (refer to the graph below). Food and fuel inflation and excess
inventory took a toll on its margins and stock price. However,
Walmart's stock has recouped most of its lost ground in the past
month and eventually closed in the green following its strong Q3
results on November 15. Also, its efforts to balance inventory
could support the recovery of WMT stock. The graph shows that
WMT stock has remained under pressure. However, it fared better
than the SPDR S&P 500 ETF Trust (SPY), a proxy for
the S&P 500 Index.
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Walmart (NYSE:WMT)
Historical Stock Chart
From Feb 2023 to Mar 2023
Walmart (NYSE:WMT)
Historical Stock Chart
From Mar 2022 to Mar 2023