Walmart’s (WMT) stock dropped by nearly 4% on Wednesday on higher-than-average share and options volume. The world’s largest retailer’s stock has now fallen by more than 19% since hitting an all-time high of $135.15 on May 19. There are several reasons for the six-week correction.
However, yesterday’s decline is most likely due to a report from the sell-side research firm Cleveland Research, which suggested that Walmart has lowered prices to clear excess inventory, resulting in lower same-store sales. Walmart’s temporary move may cause it to miss its Q2 2026 revenue guidance.
