Published July 27th 2022

$WMT Volatility dropped amidst Profit Warnings

Walmart just slashed its quarterly and yearly profit forecast earlier this week. Yikes.

Walmart's Chief executive Doug McMillon talked about the reason behind this, saying that the rising costs of groceries and gas were digging deep into household budgets, which in turn led shoppers to avoid other parts of their store, including clothing aisles and home decor. With these things in mind, we wanted to know what TOGGLE had to say about Walmart's Stock after learning this!

Walmart Inc is engaged in the operation of retail, wholesale and other units, as well as eCommerce, located throughout the United States, Africa, Canada, Central America, Chile, China, India and Mexico. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam's Club. The Walmart U.S. segment includes the Company's mass merchant concept in the United States. The Walmart International segment consists of the Company's operations outside of the United States. The Sam's Club segment includes the warehouse membership clubs in the United States. The Company operates approximately 10,500 stores, clubs and eCommerce Websites under 48 banners in 24 countries.

TOGGLE's Volatility indicators for a related stock, Etsy, Realized Volatility dropped to 75.75. Historically, when something like this occurs, it typically led to a median increase in Walmart price of 15.65% over the next six months, as shown in the chart below. TOGGLE has analyzed 23 similar occasions that happened before to produce the median projection and the confidence band below, this most recently happened on 2022-07-18. This insight received 6 out of 8 stars in our quality assessment. Read the full insight

Walmart Projection

$WMT Volatility dropped amidst Profit Warnings

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