Walmart stock slips after PhonePe IPO stake-sale plan; investors brace for CEO handover and earnings
New York, Jan 22, 2026, 17:27 (EST) — After-hours Walmart Inc shares slipped 1.3% to $117.83 in after-hours trading Thursday following an updated PhonePe IPO filing. The retailer, which owns roughly 72% of the Indian payments firm, plans to sell nearly 46 million shares, cutting its stake by about 12%. Tiger Global and Microsoft are also set to exit, according…