Walmart stock pops as cross-border shipping push takes shape under new CEO
Walmart shares rose 3.4% to $123.22 by midday Monday after announcing a “Walmart Exports” service for U.S. marketplace sellers to reach buyers in Mexico and Canada. The company named John Furner as CEO, replacing Doug McMillon. Investors await details on costs and rollout ahead of Walmart’s Feb. 19 earnings report. Trading volume reached 8.4 million shares.