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The Latest Breaking News from WMT

Looking At Walmart's Recent Whale Trades

Someone with a lot of money to spend has taken a bullish stance on Walmart (NYSE:WMT). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Plug Power Inks Deal To Fuel Walmart's Fleet Of Material Handling Lift Trucks

Plug Power Inc (NASDAQ:PLUG) has signed an agreement with retailer Walmart Inc (NYSE:WMT) for an option to deliver up to 20 tons per day of liquid green hydrogen. The hydrogen will power material handling lift trucks across Walmart distribution and fulfillment centers in the U.S. The partnership is a part of Walmart’s aim to incorporate alternative…

Benzinga

Why Plug Power Shares Are Surging

Plug Power Inc (NASDAQ: PLUG) shares are trading higher Tuesday after the company announced an agreement with Walmart Inc (NYSE: WMT).

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Walmart Appoints PayPal CFO John Rainey As Finance Head

Walmart Inc (NYSE:WMT) has appointed John Rainey as its Executive Vice President and Chief Financial Officer (CFO), effective June 6, 2022. Rainey joins the company from PayPal Holdings Inc (NASDAQ:PYPL), where he currently serves as the CFO and EVP, Global Customer Operations. After almost seven years at PayPal, Rainey is leaving the company to join Walmart. He…

Benzinga

Walmart Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bullish stance on Walmart. Looking at options history for Walmart (NYSE:WMT) we detected 10 strange trades.

Benzinga

As Inflation Rages, here are 5 Discount Store Stocks to Add to Your Watchlist

The Russia-Ukraine war has exacerbated supply chain disruptions worldwide, causing many economists to forecast that inflationary pressure will persist longer than expected, irrespective of federal interest rate hikes. Amid rising prices, discount store operators should witness significant demand because they sell products at prices lower than traditional retail stores. So,…

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Walmart Raises US Trucker Annual Pay To $110,000

Walmart Inc (NYSE:WMT) has raised the starting pay for the drivers of Walmart Private Fleet to $110,000 a year. The retail giant employs about 12,000 long-haul truck drivers under its fleet. The move comes amid a shortage of drivers that threatens to prolong supply chain snarls and merchandise shortages, Reuters reported. "We're proud to…

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India's Tata Group Goes Head On With Amazon, To Roll Out New Super App For All Shopping Needs

The Indian conglomerate Tata Group will roll out an all-in-one e-commerce app allowing users to buy everything from apparel to airline tickets, Bloomberg reported. Mumbai-based Tata Digital Pvt’s digital services platform, Tata Neu, will go live to consumers on April 7. The report noted Tata Neu is expected to give more power to…

Benzinga

Walmart's Indian E-Commerce Arm Flipkart Boosts IPO Valuation: Reuters

Walmart Inc (NYSE:WMT) owned Indian e-commerce company Flipkart has boosted its IPO valuation to $60 billion - $70 billion from the previous $50 billion, Reuters reported. Also, Flipkart has postponed its plans for the U.S. listing to 2023 instead of 2022. The report noted that the Indian company has decided to wait…

Benzinga

2 Popular Mega-Cap Stocks to Buy in April, 2 to Avoid

The potential for aggressive interest rate increases by the Federal Reserve this year, further Western sanctions against Russia, and intensifying supply chain disruptions have caused the market to suffer another selloff. Therefore, investors seeking to avoid market volatility and generate stable returns could consider betting on quality mega-cap stocks UnitedHealth…

StockNews.com

Walmart Opens New Health Centers In Florida

Walmart Inc (NYSE:WMT) has launched five new Walmart Health centers across North and Central Florida. Walmart Health brings accessible care to Floridians, beginning in Jacksonville and four additional locations in the Jacksonville, Orlando, and Tampa areas. Walmart Health centers provide several services, including primary care, labs, X-ray and EKG, behavioral health and counseling,…

Benzinga

Walmart Marketplace Launches New-Seller Savings Program

Walmart Inc (NYSE:WMT) has launched New-Seller Savings, a limited-time promotion exclusive to new sellers. Sellers who join Walmart Marketplace by May 31, 2022, and begin selling on Walmart.com by June 30, 2022, will get a 50% discount on commission rates for the first 90 days. The retail giant has also extended its…

Benzinga

4 Top Stocks to Invest in if We Head into a Recession

Lingering supply crunch and soaring inflation have increased the odds of the Fed raising interest rates aggressively later this year, which could dampen corporate earnings. Moreover, as the GDP is estimated to be lower than the prior estimate, many analysts expect the economy to witness recessionary pressure. Therefore, it could…

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Walmart Whale Trades For March 30

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Dow Jones Falls To Session Lows, But Walmart, UNH Stock Show Strength; Micron Reverses Lower After Early Pop

The Dow Jones took a step back Wednesday after four straight gains, but UNH stock and WMT stock were bright spots.

Benzinga

If You Invested $100 In Walmart 5 Years Ago, Here's How Much You Would Have Today

Walmart (NYSE:WMT) has outperformed the market over the past 5 years by 1.03% on an annualized basis producing an average annual return of 15.39%. Currently, Walmart has a market capitalization of $404.43 billion.

Benzinga

Walmart Ends Cigarette Sales In Some Markets: Report

Walmart Inc. (NYSE: WMT) is removing cigarettes from its stores in several states following a long-running debate on whether to ban tobacco products from being sold.

Benzinga

Looking At Walmart's Recent Whale Trades

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5 Brand-Name Dividend Stocks to Grab Right Now

The stock market is expected to remain under pressure in the near term, given rising concerns over inflation, deepening supply chain disruptions, and the potential for aggressive central bank interest rate increases. For investors seeking ways to dodge market volatility and generate stable returns, we think it could be wise…

Benzinga

What Are Whales Doing With Walmart

A whale with a lot of money to spend has taken a noticeably bearish stance on Walmart. Looking at options history for Walmart (NYSE:WMT) we detected 24 strange trades.

Benzinga

Walmart Gears Up Hiring Activities

Walmart Inc (NYSE:WMT) plans to hire around 50,000 U.S. associates by Q1 in its stores, clubs, campuses, and supply chain facilities. The retail giant hired 5,500 pharmacists/pharmacy managers in 2021 and more than 13,000 pharmacy technicians. It hired nearly 4,500 truck drivers last year. Also Read: Walmart Plans To Hire 5,000+ Tech Workers This…

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Walmart Plans To Hire 5,000+ Tech Workers This Year, Picks New Locations

Walmart Inc (NYSE:WMT) plans to establish new tech hubs in Toronto, Ontario, and Atlanta, Georgia. The expansion is part of Walmart Global Tech's plan to hire more than 5,000 associates globally in 2022. Walmart Global Tech grew by 26% to 20,000 associates in the last fiscal year. The initial hiring phase is expected…

Benzinga

Splash Beverage Expands TapouT Distribution Into Southern California

Splash Beverage Group Inc (NYSE:SBEV) revealed expansion of its existing agreement with AB ONE, the wholly-owned distribution network of Anheuser-Busch InBev (NYSE:BUD), to include AB ONE SoCal (Southern California). Southern California is AB ONE's largest single market in the U.S. and covers an area with a population of more than 20 million through national…

Benzinga

Morgan Stanley Gains Conviction On Affirm Post Its TMT Conference

Affirm Holdings Inc (NASDAQ:AFRM) CEO Max Levchin, and CFO Michael Linford joined the firm's TMT Conference, Morgan Stanley analyst James Faucette noted. Affirm's partnerships with Amazon.com Inc (NASDAQ:AMZN), Walmart Inc (NYSE:WMT), and Shopify Inc (NYSE:SHOP) supported his view that these partnerships can bring meaningful upside to GMV and revenue. Faucette also gained conviction on Affirm's long-term demographic opportunity within financial…

Benzinga

Walmart Adds New Distribution Center In Texas

Walmart Inc (NYSE:WMT) plans to expand its Baytown, Texas supply chain campus with a new one million-plus square-foot distribution center. The new facility, located at 4633 Borusan Road, is the retailer's fourth in Baytown and is set to open in the Fall of 2022. The expansion is expected to create an additional…

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