Discount retailer, Wal-Mart (NYSE:WMT) has got tentative acceptance from Beijing to purchase a majority share in a Chinese e-commerce firm.
Wal-Mart would hike its stake in the Yihaodian holding firm to almost 51 percent, from slightly above 17 percent. Yihaodian has been in market for almost four years. It sells over 180,000 products varying from groceries to electronics to clothing.
Wal-Mart’s is looking forward to access deeply in Chinese markets, whose online shopping trend increases gradually.
Its competitors include Costco Wholesale Corporation (NASDAQ:COST) whose revenue remained 95.10 billion with the market capitalization of 41.36 billion and Target Corporation (NYSE:TGT) whose revenue came in 70.80 billion with the market capitalization of 41.91 billion.
Other services stocks include Sirius XM Radio Inc (NASDAQ:SIRI) possessing revenue of 3.19 billion, The Home Depot, Inc. (NYSE:HD) with 71.38 billion in revenue, Michael Kors Holdings Ltd (NYSE:KORS) whose revenue remained 1.30 billion, Lowe’s Companies, Inc. (NYSE:LOW) having revenue of 51.18 billion, Time Warner Inc. (NYSE:TWX) with 28.98 billion revenue and Comcast Corporation (NASDAQ:CMCSA) revenue came in 59.47 billion.
Wal-Mart Stores, Inc. (NYSE:WMT) stock reports on August 15, 2012 increased 0.55% to the trading price of $74.46. Its fifty two week range is $49.94-$75.24. The total market capitalization remained $251.80 billion.
The overall volume in the current trading session is 1.50 million shares. 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%.
WMT is ahead its 52 week low with 53.97% and lagging behind from its 52 week high price with -1.11%. WMT last month stock price volatility remained 1.28%. The stock price of WMT is moving forward from its 20 days moving average with 1.19% and remote positively from 50 days moving average with 5.10%.
WMT current year earnings per share experienced an addition with 8.47% while its current quarter performance remained 25.38%. Company’s beta coefficient included 0.31. Beta factors measures the amount of market risk associated with market trade.
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