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Walmart Is Down 4.1% This Month

October 14, 2021
in Trading
Reading Time: 3 mins read
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Walmart Is Down 4.1% This Month
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Retail giant Walmart is down 4.1% this month amid a supply chain and shipping crisis. This may be the best time to buy its shares at a discount before the holidays.

This year, we have witnessed a sharp supply chain crisis. Ahead of the holiday season, Walmart’s stock price entered a bearish trend. This may be a great opportunity to buy its shares, given the reasons presented in the next sections below. First, let’s start with where you can buy Walmart shares.

How & Where to Buy Walmart Stock Online

If you want to buy Walmart stock right now, all you need to do is register with one of our recommended brokers below:

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Pepperstone

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What Is Walmart?

Walmart (NYSE: WMT) is a retail company that operates a chain of discount stores and hypermarkets throughout the United States.

Should I Buy Walmart Today?

Walmart stock went down this month due to the increasing inflation fears and the supply chain crisis. Yet, some may believe that the sell-off is quickly reaching its endpoint, based on several factors.

First, the retail giant has a robust inventory position, which allows it to fluidise its inflow and outflow. To address supply chain issues, Walmart is planning to extend the overnight working shifts, which means that it will be able to move more cargo. The White House said that the extra hours will help Walmart boost its capacity by 50%.

Next, Walmart closed a deal with Netflix just in time for the holiday season. Walmart now sells lots of collectables, t-shirts, toys, and other merchandise put forward by Netflix, focusing on its hit movies and shows, such as Stranger Things and Squid Game.

Based on this, it doesn’t seem like investing in Walmart ahead of the holiday season is akin to adding charcoal to your own investing stockings. Instead, the stock is quite likely to benefit from higher retail sales, forecasted 7%-9% higher this year.

Walmart Price Prediction 2021

As of this writing, Walmart trades at $138.37. Most analysts adopted a bullish stance, estimating a median target of $170 and a high price target of $190 in the next 12 months.

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