Walmart’s Trading Range Lives

A few weeks ago, I noted that Walmart ($WMT) has been trapped in the “Mother of All Trading Ranges” for the last 12 years. Not once in over 3,000 trading days has WMT closed above $64 or below $42. The last time it did was on January 19, 2000 when it closed at $64.06. More than 78% of the time, the stock been between $48 and $59.99.

On Friday, the stock closed at $62.48 which is very close to the top of its range. It seemed like the strange range would finally be broken. But yesterday, Walmart’s disappointing earnings knocked the shares back to $60.07.

By the way, Walmart’s sales rose by 5.8% to $122.29 billion. That means that Walmart averaged $1 million in sales. A minute. Also, despite what people may think of how corporations are run, Walmart’s profit margin was just 4.24%.

Posted by on February 22nd, 2012 at 9:08 am


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