Why Is Amazon Near a 52-Week High So Much Cheaper Than Walmart at Its Lowest Level This Year? This Is the Only Answer I Can Think Of.
What gives?
Overview
The two leading retailers in the U.S., Amazon (NASDAQ: AMZN) and Walmart (NASDAQ: WMT), are on very different paths right now.
Amazon is hovering near a 52-week high, up about 14% year-to-date to $262 per share. Walmart stock is trading near its lowest point this year at around $115 per share, up about 3% year to date.
Details
Along with their different trajectories, they also carry different valuations. Amazon, which is significantly outperforming Walmart, is much cheaper with a price-to-earnings (P/E) ratio of 21, which is as low as it's been in a decade, or more.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.