Walmart (WMT) Stock Performs Well: Will It Hit $150 Mark This Month?

Throughout the last month, Walmart performs marvelously on the market. Its stock is reaching $141.66 for today, showing a 4.25% surge since June 18, 2021. This corporation has a beta score of 0.47 which shows its stability on Rialto. Also, it has a positive EPS number at the rate of $32.48 making it a coveted firm to invest in.
Amazon’s main competitor is still Walmart. Its acquisition of a majority stake in Flipkart, India’s leading e-commerce company, remains a significant step and one of the notable buyouts in the Indian e-commerce market. Flipkart recently received a new investment from the company. Walmart took part in Flipkart’s $3.6 billion funding round. GIC, Canada Pension Plan Investment Board, and SoftBank Vision Fund 2 are among the other investors who contributed to the funding.

Apart from that, Walmart’s e-commerce prospects in India are being fueled by Flipkart’s rising user and seller base, as well as many customer-friendly payment alternatives and huge discounts. We’ve seen that Flipkart and Amazon are competing head-to-head in India. As a result, Walmart’s rising investments in Flipkart represent a threat to Amazon’s moat.

Jack Dawkins

Finance and Tech Contributor

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