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Walmart to Leave NYSE for Nasdaq After 53 Years
Walmart raised its annual net sales forecast to 4.8%-5.1% after a strong quarter with 28% online sales growth, driven by groceries and AI adoption.
- On Thursday, Walmart Inc. announced it will move its common stock listing to Nasdaq, with trading to begin on December 9, 2025 under ticker WMT and transfer nine bonds.
- John Furner was named CEO last week as Walmart pushes AI adoption across inventory, forecasting, search and advertising, raising forecasts after strong online grocery sales.
- Total revenue rose 5.8% to $179.5 billion, outpacing forecasts, while adjusted earnings were 62 cents per share and the company forecast annual net sales to rise 4.8% to 5.1%.
- John David Rainey framed the move as aligning with Walmart's tech-forward strategy, saying the stock has climbed about 11% this year while shares were flat in premarket trading.
- The move positions Walmart and Nasdaq around shared, technology-forward values and innovation, as Walmart said it will integrate automation and AI to build smarter omnichannel retail experiences.
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Coverage Details
Total News Sources20
Leaning Left3Leaning Right0Center11Last UpdatedBias Distribution79% Center
Bias Distribution
- 79% of the sources are Center
79% Center
L 21%
C 79%
Factuality
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