Walmart Aktie
WKN: 860853 / ISIN: US9311421039
15.07.2024 21:45:12
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Why Walmart Stock Jumped 29% in the First Half of 2024
Shares of retail giant Walmart (NYSE: WMT) were up 28.8% in the first half of 2024, according to data provided by S&P Global Market Intelligence. This compares to a 14.5% return for the S&P 500 during this time. Through mid-May, Walmart was only outperforming the market by a trivial amount. But after it reported financial results for its fiscal first quarter of 2025 on May 16, Walmart stock took a pronounced jump higher.Walmart's fiscal 2024 ended in January. And during the fiscal year, the company's total revenue jumped 6% year over year to nearly $650 billion, and net income took a big 44% jump to over $16 billion. Those were good numbers.Moreover, Walmart had a highly publicized 3-for-1 stock split in February. Both the earnings report and the split news seem to have given Walmart stock a boost early in the year. But again, the bigger jump came later, as seen in the chart.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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Aktien in diesem Artikel
Walmart | 79,13 | -4,44% |
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Wal-Mart Stores Inc Cert.Deposito Arg.Repr. 0.3333 Shs | 6 480,00 | 0,78% |
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