Why Walmart Stock Popped Today
Walmart(US:WMT) The Motley Fool·2024-02-20 17:15Shares of Walmart (WMT 3.15%) were moving higher Tuesday morning after it impressed investors with its fiscal fourth-quarter 2024 earnings report. The world's largest retailer posted strong results that easily beat estimates, and also raised its dividend and announced a $2.3 billion acquisition of TV maker Vizio.As of 11:44 a.m. ET, the stock was up 3.4%. Walmart shines over the holidaysWalmart tends to outperform when times are tough and consumers are pinching pennies, and that pattern held true in its fis ...