Shares of Walmart Inc.
What Happened: The two-week-long pullback knocked 5.73% off the company's market capitalization, while marking the stock's longest losing streak since 2004.
Despite this, the stock is up 5.66% year-to-date, and 83% over the past two years, significantly outperforming the S&P 500, tracked by the SPDR S&P 500 ETF Trust
Leading analysts continue to maintain a bullish outlook on the stock, with a consensus price target of $105.74, representing an upside of 11.1% from current levels.
Why It Matters: Recently, the company has also been in the news owing to Walmart heiress Christy Walton taking out a full-page ad in the New York Times in support of the "No Kings" movement last week, against President Donald Trump.
Several allies of Trump have since called for boycotting Walmart in response to this ad, with White House Special Advisor, Kari Lake indirectly asking her followers on X, "Do you shop at Walmart?"
The company is now going all out on automation and AI to cut costs and boost growth, with several labor-saving technologies being piloted across certain outlets and warehouses.
Staffing analyst Amanda Goodall has shared this on X, noting that despite rising profits across ecommerce, advertising revenues, and more, pink slips fly, as the company pursues efficiencies driven by AI and automation.
Price Action: Walmart shares were up 0.89% on Wednesday, trading at $95.09 per share, and are up 0.01% after hours.
According to Benzinga's Edge Stock Rankings, Walmart shares score high across the board, but have an unfavorable price trend in the short and medium terms.
