Walmart stock turns toward a 4th straight drop before earnings, to buck gains in rival Target shares and the broader stock market

Shares of Walmart Inc. WMT fell 0.5% in midday trading, a day before the discount retail giant is scheduled to report fiscal first-quarter results. The stock was unable to sustain an earlier intraday gain of as much as 0.9%, that was initially fueled by a rise in rival Target Corp.’s stock TGT after its earnings report and a broader stock market rally. Walmart’s stock was one of just nine of the 30 Dow Jones Industrial Average DJIA components that was losing ground. Target shares rose 2.

9%, that was initially fueled by a rise in rival Target Corp.’s stock TGT after its earnings report and a broader stock market rally. Walmart’s stock was one of just nine of the 30 Dow Jones Industrial Average DJIA components that was losing ground. Target shares rose 2.2% in midday trading while the Dow climbed 204 points, or 0.6%. Walmart’s stock was headed for a fourth-straight loss since the stock closed at a 5 1/2-month high of $153.12 on May 11; it has dropped TK% during that stretch.

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