Weak Technicals Weigh on Walmart as Tariff Refund Boosts Prices

Walmart Inc. (WMT) shares are trading near $106 after a decline of over 1% this week, amidst low rebound odds and continued price pressure.

The company's technical setup remains weak, with strong downside momentum and a bearish long-term structure.

A recent Supreme Court ruling led to Walmart receiving a $2.9 billion tariff refund from the U.S. government, which will be used to lower prices for shoppers, affecting margins and pricing strategies in the near term.

Walmart's new delivery partnership with Dunkin' Donuts and drone delivery trials in Chile are also drawing attention.