00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Walmart shares fell Wednesday after traders circulated a research note suggesting the
00:07retailer's U.S. comparable sales growth may have slowed, according to Benzinga.
00:12The note raised questions about whether Walmart can meet current consensus expectations,
00:16with results depending in part on sales trends through the rest of the month.
00:20The note also said Walmart appears to be working to reduce inventory through price cuts and is
00:25using tariff refunds to help offset markdown costs. Walmart's stock remains below its 20-day,
00:3150-day, and 200-day simple moving averages. Key support is near $100, while key resistance is
00:38near $123. Shares were down 4.35% at $108.33 at the time of publication.
00:46For all things money, visit Benzinga.com.
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