Crypto
WMT Stock Falls 24% After Disappointing Q3 Sales Forecast
The Walmart (WMT) stock price has declined by 24% since its peak in May, reaching $103.09 as of Friday's session.
Despite this decline, Walmart reported a strong second-quarter performance, with revenue reaching $187.94 billion and earnings per share (EPS) hitting $0.81, surpassing analyst consensus.
The company's Q3 sales forecast of 3% to 3.75% expansion fell short of expectations, causing the stock's sharpest one-day decline in two years.
Wall Street maintains a 'Moderate Buy' consensus with an average price target of $131.88, although multiple analysts have lowered their targets recently.