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International Business Times UK
International Business Times UK
Stephanie Cruz

Jim Cramer Backs Walmart After 18% Slump: 'Buy It', Amid Falling Fuel Prices

The retailer rolled out new rollbacks on food, drinks, toys, and apparel this week as lower fuel prices and potential tariff refunds eased margin pressures. (Credit: Unsplash)

Walmart shares have shed almost a fifth of their value since May, and CNBC's Jim Cramer is telling investors to treat that slump as an opening rather than a warning.

The stock closed at $111.54 (£84) on Tuesday, down roughly 18 per cent from the record high of $135.16 (£101) it reached on 19 May. It has fallen for four straight weeks and is roughly flat for the year. Much of that damage, though, had little to do with Walmart itself.

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