The stock market has been volatile for decades, but it’s been a lot more volatile for retailers lately.
Walmart is a leader in that respect, but its share price has been falling since its October debut.
That is, until a little while ago, when the stock dropped from a peak of $120 a share in October to $90 a share today.
Walmart was a bright spot on Wall Street in the wake of the financial crisis, but as we’ve seen before, the stock price can’t stay there forever.
Walmart’s share price dropped again after a major merger was announced in July, but that came after a lot of analysts predicted a quick return.
So far, that hasn’t happened.
Walmart has been trading around $50 a share, down from its highs of $150 and $200 a share during the financial crises.
But the company is still on track to become a profitable $1.4 trillion company in 2020.
That’s still a lot lower than the company’s current valuation of $3.5 trillion, which means that Walmart is still one of the largest companies in the world, but at least it’s still an extremely profitable one.
Walmart may not be a great value for a shopper, but the company isn’t the only company with a significant share price advantage over the rest of the market.
The next two weeks will be crucial in determining whether the stock prices of the remaining big U.S. retailers will rebound.
