Walmart (WMT) Stock on December 9, 2025: Nasdaq Debut, Tech Pivot and 2026 Outlook
Walmart began trading on the Nasdaq on December 9, 2025, after leaving the NYSE, with shares at $114–115 and a market cap near $910 billion. The stock trades at about 40 times earnings, well above the sector average, and sits just below its 52-week high. Over five years, Walmart has returned 131%, outpacing the S&P 500 by nearly 30 points. Analysts note the move could draw around $20 billion in new passive investment.