Why You Can No Longer Find Walmart on the NYSE

Core Viewpoint - Walmart has transitioned its stock listing from the New York Stock Exchange (NYSE) to the Nasdaq, marking a significant shift after over 50 years of trading on the NYSE [1][3]. Group 1: Company Transition - Walmart's first day of trading on the Nasdaq was December 9 [1]. - The company aims to position itself as a technology firm, aligning with Nasdaq's focus on technology and digital transformation [2][3]. Group 2: Historical Performance - Walmart was first listed on the NYSE on October 1, 1972, at a price of $16.50 per share, and the current trading price is around $115 [3]. - The stock has undergone 12 splits, with the most recent occurring in 2024, which affects the perception of price growth [3]. - If an investor had purchased one share at the IPO price, it would now equate to 6,144 shares worth approximately $586,076, excluding dividends [6]. Group 3: Current Financial Metrics - Walmart's current market capitalization is over $921 billion [2][6]. - The company is the largest employer in the U.S., with 1.6 million employees [6]. - The stock has increased by more than 28% this year [6].