Walmart will thrive as the market falls
Walmart Inc.(WMT) currently trades at $109.58 and has fallen 0.01% in the past 24 hours. With the development of the coronavirus, Walmart has been fielding increased demand and hiring thousands of new workers to meet it. Since many retailers have shut their doors and some state governments have ordered lockdowns, People have no choice but to turn to the consumer staples retailers, such as Walmart, Costco, and Target, who are remaining open.
Based on this information, investorsQ rates this stock a 7 out of 10. We give it this rating because while the stock market has tanked and U.S. banks have declared a recession, Walmart stock has been weathering the storm. It opened 2020 at $119 and hit a high of $122 on March 18 while the Dow plummeted more than 1,000 points on the same day. It’s holding steady at $109 as of this morning. The high forecast for Walmart Inc. is $140 and the low is $98. Notably, the company’s market cap is $310.36 billion with a 52 week high of $128.08 and a 52 week low of $96.53.