Wal-Mart Share Price Sets New 52-Week High

Investors are giving Wal-Mart Stores and its management team a standing ovation for beating expectations with third quarter earnings and revenue. Wal-Mart shares (NYSE: WMT) closed Thursday (Nov. 16) at $99.62, up $9.79, or almost 11%, for the day.

A $99.68 high during Thursday’s trading was a new 52-week high for the stock.

Analysts lauded Walmart U.S. CEO Greg Foran for growing sales revenue more than $2 billion on a comparable-store basis in the quarter, while also selling more units amid steady store traffic. Walmart U.S. comp sales growth of 2.7% was the best comp-sale store metric in six years, and more than double the 1.2% growth added a year ago. The company said recent hurricanes along the Gulf coast helped fuel comp sales adding between 0.3% to 0.5% to the total.    MORE

Designed by Reinhold Technology Solutions