Walmart shares rebound, bucking broader market downtrend

Despite a grim trading session for the broader stock market on Wednesday, Walmart (NYSE:) 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 and the 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 Amazon.com Inc (NASDAQ:)., 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.

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