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Walmart stocks hit record high after $20M buyback announcement

Walmart continues to be an unstoppable force in the retail market. On Tuesday, the retail giant announced a $20 million buyback in stocks, This means Walmart has a massive load of money to boost its stock price on a rainy day. The company also gave an early look at the 2019 fiscal year, tracking its sals growth will be 3 percent when its 1,000 online grocery locations will roll out. And investors are loving the news. Walmart's stock grew 4.4 percent on Tuesday, after being boosted 2 percent on Monday from it's 'online express return' announcement.

Source: Inform News

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