Walmart stock price ticks up after PhonePe IPO approval — what WMT investors watch next
Walmart shares rose 0.6% to $119.36 in after-hours trading Wednesday, with volume at 34.8 million shares. Indian payments firm PhonePe, backed by Walmart, secured regulatory approval for an IPO, Reuters reported. Walmart joined the Nasdaq-100 this week. John Furner will replace Doug McMillon as CEO on Feb. 1.