Walmart Inc. (WMT)

$ 88.39
   
  • Change Today:
    $1.21
  • 52 Week High: $175.86
  • 52 Week Low: $58.61
  • Currency: US Dollars
  • Shares Issued: 8,077m
  • Volume: 18,659,308
  • Market Cap: $713,926m
  • RiskGrade: 117
  • Beta: 0.46

US retail sales edge up slightly in May

By Alexander Bueso

Date: Tuesday 18 Jun 2024

LONDON (ShareCast) - (Sharecast News) - Americans kept their purse strings nearly closed in May.
According to the Department of Commerce, in seasonally adjusted terms retail sales edged up at a month-on-month pace of 0.1% to reach $703.9bn (consensus: 0.2%).

That followed a two tenths of a percentage point downwards revision to April's reading to -0.2%.

Nonetheless, that did not keep them from spending 0.8% more on motor vehicles and parts or at non-store retailers.

Gasoline station sales dropped by 2.2% over the month, alongside a 1.1% decline in those of furniture and a 0.8% drop in those of building materials.

Commenting on the latest figures, Paul Ashworth, chief North America economist at Capital Economics, said that the "soft May retail sales data support our view that, after a disappointing first quarter, GDP growth remains a little lacklustre in the second quarter too."

Ashworth did note the 0.4% month-on-month rebound in the retail sales control group, but conceded that April's decline was revised to show a "severe" 0.5% fall.

-- More to follow --

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

WalMart Market Data

Currency US Dollars
Share Price $ 88.39
Change Today $ 1.21
% Change 1.39 %
52 Week High $175.86
52 Week Low $58.61
Volume 18,659,308
Shares Issued 8,077m
Market Cap $713,926m
Beta 0.46
RiskGrade 117

What The Brokers Say

Strong Buy 13
Buy 21
Neutral 4
Sell 0
Strong Sell 0
Total 38
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Trades for 21-Nov-2024

Time Volume / Share Price
16:00 2,332,913 @ $88.39
15:59 3,159 @ $88.37
15:59 100 @ $88.38
15:59 100 @ $88.38
15:59 100 @ $88.38

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