WALMART STORES INC
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Consumer Staples : Food & Staples Retailing | Large Cap Value
Company profile

Walmart Inc., formerly Wal-Mart Stores, Inc., is engaged in the operation of retail, wholesale and other units in various formats around the world. 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 operating under the Walmart brands, as well as digital retail. The Walmart International segment consists of the Company's operations outside of the United States, including various retail Websites. The Sam's Club segment includes the warehouse membership clubs in the United States, as well as samsclub.com. The Company operates approximately 11,600 stores under 59 banners in 28 countries and e-commerce Websites in 11 countries.

Closing Price
$143.90
Day's Change
0.95 (0.66%)
Bid
--
Ask
--
B/A Size
--
Day's High
145.53
Day's Low
143.62
Volume
(Below Average)
Volume:
4,843,212

10-day average volume:
5,736,703
4,843,212

IQIYI's stock soars on premarket-leading volume after report Tencent aims to buy a large stake

6:49 am ET June 16, 2020 (MarketWatch)
Print

Shares of iQIYI Inc. (IQ) rocketed 35% in very active trading Tuesday, after Reuters reported that Tencent Holdings Ltd. (0700.HK) was looking to become the largest shareholder in the China-based provider of video streaming services. Trading volume ballooned to 1.9 million shares, enough to make it the most actively traded stock ahead of the open. Tencent's U.S.-listed shares were still inactive in the premarket. Reuters reported, citing people familiar with the matter (https://www.reuters.com/article/us-iqiyi-m-a-tencent-holdings-exclusive/exclusive-tencent-aims-to-become-biggest-shareholder-of-video-streaming-rival-iqiyi-sources-idUSKBN23N11Z), that Tencent, a China-based social media and gaming giant, approached Baidu Inc. (K3SD.SG), which owns 56% of iQIYI, about buying a stake in iQIYI, but had not yet determined the size of that stake. The report said it was not immediately clear if Tencent approached iQIYI for what the nature of any cooperation would entail. IQIYI's stock has rallied 9.0% over the past three months through Monday, while Tencent shares have run up 29.2% and the S&P 500 has climbed 28.5%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

June 16, 2020 06:49 ET (10:49 GMT)

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