Wal-Mart Stores, Inc (NYSE:WMT), the world’s biggest retailer, announced net income moved up 5.7% in second-quarter and boosted its guidance for the full year as the company continues to woo back frugal shoppers by re-emphasizing it has the record low prices on everything from clothes to electronics.
But Wal-Mart is considering its momentum slow down amid a tough economic climate U.S. and overseas. Company’s total revenue came in short of Wall Street forecasts, and the discounter is delaying store expansion aims in Mexico, its major international division, as it agreements with bribery charges there. The company also scaling back store expansion plans in China and Brazil to lift profitability in those operations.
Investors, who had sent the stock up 25% since mid-May, pushed shares down over 3% on the news.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Costco Wholesale Corporation (NASDAQ:COST) rose +0.01% to settle at $96.48, PriceSmart, Inc (NASDAQ:PSMT) moved up +2.71% to end at $74.01 while Sears Holdings Corporation (NASDAQ:SHLD) jumped +6.52% to finish on Thursday at $60.29.
Wal-Mart Stores, Inc (NYSE:WMT) on Aug 16, 2012 decreased -3.09% to the closing price of $72.15. The overall volume in the last trading session was 2.99 million shares. Its fifty two week range was $49.94-$75.24. The total market capitalization remained $244.12 billion.
WMT is ahead its 52 week low with 48.13% and going forward from its 52 week high price with 3.59%. WMT last month stock price volatility remained 1.29%. In its share capital WMT has 3.38 billion outstanding shares among them 1.67 billion shares have been floated in market exchange. WMT stock institutional ownership remained 30.48% while insider ownership included 0.43%.
The stock price of WMT is moving down from its 20 days moving average with -1.58% and remote positively from 50 days moving average with +1.95%. WMT current year earnings per share experienced an addition with 8.47% while its current quarter performance remained +17.60%. Company’s beta coefficient included 0.31. Beta factors measures the amount of market risk associated with market trade.
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