Walmart Stock Rises 1.8% Following Earnings Report

Walmart's (NASDAQ:WMT) stock rose by 1.8% during mid-day trading on Monday, reaching as high as $109.74 and last trading at $109.08.

Approximately 22,971,603 shares were traded, a decline of 10% from the average session volume of 25,502,523 shares.

The company's stock price is up following its earnings report on August 20th, where it topped the consensus estimate with $0.81 earnings per share for the quarter.

Analysts have set new price targets for Walmart, with DA Davidson reiterating a 'buy' rating and issuing a $132.00 price target.