Should Investors Be Concerned That Walmart Got Kicked Out of the $1 Trillion Club and Now the $900 Billion Club?
The giant retailer's stock has tumbled by more than 15% from the 52-week high it touched in mid-May.
Overview
It was only this past February that Walmart (NASDAQ: WMT) surged to a market capitalization of more than $1 trillion. That milestone is rarefied air: Just a handful of companies have ever reached that mark. Walmart was shining bright on Wall Street as its e-commerce and digital advertising businesses boomed, and shareholders were thrilled.
Now, just five months later, Walmart has shed more than $100 billion in market cap, and its market cap recently dipped below $900 billion. The main reason for that slide was that Wall Street had unreasonably high expectations for the retail giant.
Details
So, should investors be concerned or see this as an opportunity to buy Walmart at a better price?
Source
Originally published at www.fool.com.