Published: December 11, 2025 – This article is for informational purposes only and is not investment advice.
Quick snapshot: How Walmart stock looks going into December 11
- Ticker: Walmart Inc. (Nasdaq: WMT)
- Close on December 10, 2025:$113.18, down about 1.6% on the day [1]
- After-hours (around 7:23 p.m. EST):$113.35, a modest +0.15% rebound from the close [2]
- 52‑week range: Roughly $79.8 – $116.3, leaving the stock near the upper end of its one‑year band TechStock²+1
- Market cap: About $900–920 billion, depending on the exact real‑time price [3]
- Valuation: Roughly 40–44× trailing earnings, more than double the mid‑teens average for large retailers [4]
- Analyst view: Overall Buy/Strong Buy, with average 12‑month targets clustered around $118–$123 and street‑high targets up to $130–$136 TechStock²+2Barchart.com+2
With Walmart just days into its Nasdaq era and traders digesting a fresh Federal Reserve rate cut, WMT is in the middle of several big narratives at once: valuation, holiday execution, automation, and now, 3D‑printed real estate.
Below is what actually happened after the bell on December 10 – and what matters before the U.S. market opens on December 11, 2025.
1. How Walmart traded on December 10, 2025
Regular-session action: profit taking near record highs
On Wednesday, December 10, Walmart shares fell 1.63% to $113.18, after opening at $115.35 and trading as high as $116.23 before sliding to an intraday low near $113. Volume came in a little above 21 million shares, in line with recent active days. [5]
That pullback came right after:
- A strong multi‑week rally that pushed WMT more than 20% higher over the past year TechStock²+1
- A 52‑week high of about $116.27 on December 5 [6]
- A headline‑grabbing move from the NYSE to the Nasdaq, completed on December 9 [7]
Midday coverage from MarketBeat framed Wednesday’s action as a classic “down day after a big run”: shares were off around 1.6%, still near the top of their 52‑week range, with a 50‑day moving average around the mid‑$100s and a 200‑day average just over $101. [8]
In other words: technically extended, not broken.
After-hours: a small bounce, not a big rerating
Once the closing bell rang, the stock saw only modest after‑hours follow‑through.
Data from StockAnalysis shows: [9]
- 4:00 p.m. EST (close): $113.18
- 7:23 p.m. EST (after-hours): $113.35
- Move after hours: +$0.17 (+0.15%)
That’s a mild bounce, suggesting:
- No major new negative headlines on Walmart after the close
- A market that is still digesting both the Fed’s rate cut and Walmart‑specific news, rather than repricing WMT aggressively overnight
For traders looking at the tape: the key takeaway is that the real move happened during the day – a pullback from near record highs – while after‑hours trading was calm and slightly constructive.
2. The new Nasdaq era: why the listing change still matters
On December 9, Walmart completed its transfer from the New York Stock Exchange to the Nasdaq, ringing the opening bell under its familiar ticker WMT. [10]
Corporate statements and financial media coverage highlight a few important angles:
- Brand and narrative shift
- Walmart explicitly tied the move to a tech‑forward, innovation‑driven identity, aligning itself with Nasdaq’s heavy concentration of AI, cloud and platform companies. TechStock²+2Reuters+2
- Fast Company and others framed it as a way to underscore that Walmart wants to be valued more like a “retail‑plus‑tech” platform than a traditional consumer‑staples chain. [11]
- Potential index and fund‑flow effects
- Moving to Nasdaq opens the door, over time, to rebalancing in index and sector ETFs that track Nasdaq‑centric benchmarks. TechStock²
- That won’t flip overnight, but it’s a medium‑term technical tailwind investors are watching.
- Leadership narrative
- The move happens just as long‑time CEO Doug McMillon prepares to step down at the end of January 2026, with John Furner (currently head of Walmart U.S.) slated to take over. Coverage stresses continuity: still the same AI‑, automation‑ and omnichannel‑heavy strategy, just under a new helm. TechStock²+1
From an investment perspective, the listing transfer doesn’t change fundamentals, but it amplifies the story Walmart wants investors to focus on: technology, data and platforms, not just low prices and big stores.
3. Holiday 2025: fast delivery is front and center
The most Walmart‑specific catalyst into year‑end is the holiday shopping season, and here the company is going on offense.
Christmas Eve: one‑hour delivery until 5 p.m.
A December 9 corporate announcement – already widely syndicated through Business Wire and financial portals – spells out an aggressive last‑minute strategy: [12]
- Express Delivery in as fast as one hour for orders placed up to 5 p.m. local time on December 24
- Same‑day pickup and delivery available until midday on December 24
- Standard shipping for arrival by Christmas Day on orders placed up to early afternoon on December 23
Walmart also highlighted:
- Record Black Friday and Cyber Monday performance, with store‑fulfilled deliveries up 57% year over year and deliveries under three hours up 44% TechStock²+1
- A new “Get it Now” feature in the app that shows real‑time delivery estimates and enables one‑tap ultrafast orders TechStock²+1
- The ability to reach about 95% of U.S. households in three hours or less TechStock²+1
For investors, this matters because:
- It reinforces Walmart’s tech narrative – using data, automation and dense store networks to make same‑day and one‑hour delivery mainstream.
- It backs up Q3 commentary that expedited deliveries under three hours jumped around 70%, supporting higher‑margin e‑commerce and advertising businesses. TechStock²
New twist: 3D‑printed commercial real estate
Another fresh headline on December 10 is Walmart’s landmark deal with construction company Alquist. CNBC reports that Alquist will 3D‑print more than a dozen new Walmart buildings, along with properties for other retailers – one of the largest real‑estate deployments of this technology so far. [13]
Why this matters to the stock story:
- Lower build costs and faster timelines could support long‑term margin expansion and flexibility in store formats.
- It fits with Walmart’s broader push into automation, AI and vertical integration (including its newly opened $350 million milk plant in Georgia). TechStock²+1
Together, the Express Delivery push and the 3D printing partnership strengthen the view that Walmart is actively reinvesting in logistics and physical infrastructure to support digital growth.
4. Fundamentals: Q3 FY26 results still underpin the bull case
Walmart’s Q3 FY26 (quarter ended October 31, 2025) remains the bedrock for current optimism: TechStock²+2Barchart.com+2
Key reported numbers:
- U.S. comp sales: +4.5% (vs. ~3.8% consensus)
- Total revenue: +5.8% to about $179.5 billion, ahead of analyst forecasts
- E‑commerce: roughly +27–28% globally, led by groceries and delivery
- Guidance raised: full‑year net sales growth target increased to about 4.8–5.1%, and adjusted EPS outlook nudged higher as well
Management also stressed two important dynamics: TechStock²+1
- Higher‑income shoppers are increasingly using Walmart for both essentials and discretionary purchases.
- Lower‑income customers remain under pressure from inflation and a softer job market – a clear risk if macro conditions deteriorate.
So the fundamental picture going into the December 11 open is:
- Solid growth and rising guidance
- A stock now valued like a growth‑tilted platform business rather than a bargain retailer
- A customer base split between resilient, higher‑income segments and more fragile, lower‑income segments
5. Valuation, ratings and 2026 forecasts
Street consensus: moderately bullish, not euphoric
Across major aggregators and recent analyst notes, Walmart screens as a high‑quality name with moderate upside from current levels: TechStock²+2Barchart.com+2
- MarketBeat:
- Rating: “Moderate Buy” (31 Buy, 1 Hold)
- Average target: ~$119, implying low‑single‑digit upside from the mid‑$113s
- Target range: roughly $91–$130
- StockAnalysis:
- Rating: “Strong Buy” from about 30 analysts
- Average target: ~$118
- TipRanks / other sources:
- Often show “Strong Buy”
- Consensus targets in the $120–$123 range
- Street‑high targets up to $136
Recent moves include:
- Evercore ISI raising its target from $115 to $117 (Outperform) TechStock²+1
- Tigress Financial lifting its target to around $130 (Buy/Strong Buy) TechStock²+1
- Other brokers like BTIG, BMO, Telsey and KeyBanc bumping targets into the $120–$130 band. TechStock²+1
The Motley Fool’s latest “2 Catalysts That Can Drive Walmart Stock Higher in 2026” piece points to: [14]
- Walmart Connect (ads) – the fast‑growing digital advertising business, which could materially boost margins if it continues to scale.
- International operations – particularly faster‑growing e‑commerce and marketplace businesses outside the U.S.
The valuation debate
Not everyone is convinced WMT is still cheap:
- Barchart notes that Walmart’s stock trades at around 43–44× non‑GAAP earnings, versus an industry average near 15–16×, calling the valuation “stretched.” [15]
- Some intrinsic‑value models cluster fair value in the low‑$110s, which is very close to the current price, implying limited margin of safety. TechStock²
Net‑net, the Street appears to see Walmart as:
A high‑quality compounder with moderate upside and an increasingly tech‑driven earnings mix – not a deep‑value bargain.
6. Macro backdrop: the Fed just cut rates again
Walmart’s after‑hours trading on December 10 unfolded as markets digested a Federal Reserve decision earlier in the day:
- The Fed cut its key interest‑rate target by 25 basis points to a 3.50–3.75% range – the third cut in a row. [16]
- The decision came with unusual dissent, reflecting a divided committee about how fast to ease policy. [17]
- Major equity indexes surged, with the S&P 500 coming close to a new closing record as investors welcomed a more supportive rate environment. [18]
For Walmart, lower rates are a double‑edged sword:
- Positive: cheaper financing, a stronger equity backdrop and potentially more resilient consumer demand
- Risk: if cuts are a response to a weakening labor market, pressure on lower‑income shoppers – already flagged by Walmart’s CFO – could deepen TechStock²+1
This is one reason the stock didn’t rip higher after hours despite the rate cut; the macro picture is supportive but not without warnings.
7. Institutional flows and insider moves to know about
MarketBeat’s latest filings rundown shows a mix of institutional activity on December 10: [19]
- Menora Mivtachim Holdings and NewEdge Advisors LLC both reported trimming their Walmart positions, each selling a mid‑five‑figure number of shares.
- Earlier in December, some funds like Stenger Family Office LLC had added to WMT, while at least one executive (EVP John Rainey) sold a relatively small block of shares as part of a scheduled transaction.
Given Walmart’s roughly 8 billion shares outstanding, these trades are too small to drive the stock alone, but they’re worth noting:
- They suggest some profit‑taking among institutions after the rally and ahead of year‑end.
- There is no evidence of a broad institutional exodus; flows look mixed but orderly.
8. Key levels and themes to watch before the December 11 open
Going into Thursday’s session, here are the main things short‑term traders and longer‑term investors may want to watch.
1. Price behavior around $113 and $116
- Near‑term support:
- Wednesday’s low was around $113, roughly where WMT closed. A decisive break below could invite more short‑term selling. [20]
- Resistance:
- The recent high/52‑week high near $116–$116.3 remains key overhead resistance. A move back through that area would signal renewed momentum. [21]
With after‑hours trading nudging the stock slightly higher to around $113.35, the first question at the open is whether buyers defend the low‑$113s or whether the stock drifts back toward the low $110s as profit‑taking resumes. [22]
2. Follow‑through from the Fed rate cut
- Watch Treasury yields and index futures: further declines in yields could favor defensive but growth‑tilted giants like Walmart, while a sudden risk‑off move could pull WMT lower with the broader market. [23]
- Listen for any consumer‑demand commentary from other retailers or macro data releases that could confirm or contradict Walmart’s message about pressure on lower‑income shoppers. TechStock²+1
3. Holiday headlines and data points
In the very short term, any of the following could influence trading on December 11:
- Updated read‑throughs on holiday traffic and online orders, especially if third‑party data highlights Walmart outperforming or lagging peers.
- Additional amplification of the Express Delivery story and “Get it Now” adoption – anything that quantifies how much these programs are shifting consumer behavior. [24]
- More detail around the Alquist 3D‑printing deal, especially if Walmart or the developer discloses cost savings or rollout timelines. [25]
4. Dividend timing and income investors
Dividend‑tracking sites indicate that Walmart’s next dividend date is approaching in mid‑December 2025, with some sources pointing to December 12 as the key date to be in the shareholder register. [26]
Exact ex‑dividend and record dates should always be confirmed with your broker or official company materials, but income‑focused investors often start paying closer attention as those dates near, which can subtly affect demand.
5. Longer‑term narrative checks
Beyond the intraday action, December 11 and the days ahead will continue to test the core Walmart narratives:
- Tech‑enabled retailer: Does the market keep rewarding Walmart with a premium multiple as AI, automation and advertising grow, or does valuation start to compress? TechStock²+2Barchart.com+2
- International and advertising growth: Do follow‑up analyses and data reinforce the idea that these segments can meaningfully expand margins in 2026 and beyond? [27]
- Consumer health: Do macro releases and retail peers confirm that higher‑income shoppers remain resilient while lower‑income shoppers stay under pressure – and how does that balance affect Walmart’s mix? TechStock²+1
9. Bottom line for Walmart stock after the December 10 close
As of the night between December 10 and December 11, 2025, Walmart sits at an interesting junction:
- Price: Pulling back from near all‑time highs, but still near the top of its 52‑week range
- After-hours: Slightly higher, suggesting no new shock – just digestion
- Story:
- Freshly listed on the Nasdaq
- Doubling down on ultrafast holiday delivery
- Experimenting with 3D‑printed stores
- Backed by strong Q3 results and raised guidance
- Valuation: Rich, at around 40+× earnings, leaving less room for disappointment
- Street stance: Generally bullish with moderate upside, anchored by long‑term drivers like ads, automation and international growth
For traders heading into the December 11 open, the focus will be on whether WMT:
- Holds support around the low‑$113s and stabilizes after Wednesday’s pullback, or
- Shows more profit‑taking as investors reassess just how much of the good news – Fed cuts, Nasdaq re‑rating, holiday momentum and tech initiatives – is already in the price.
References
1. stockanalysis.com, 2. stockanalysis.com, 3. www.marketbeat.com, 4. www.barchart.com, 5. stockanalysis.com, 6. www.barchart.com, 7. www.businesswire.com, 8. www.marketbeat.com, 9. stockanalysis.com, 10. www.businesswire.com, 11. ground.news, 12. corporate.walmart.com, 13. stockanalysis.com, 14. www.fool.com, 15. www.barchart.com, 16. www.investopedia.com, 17. www.investopedia.com, 18. www.investopedia.com, 19. www.marketbeat.com, 20. stockanalysis.com, 21. www.investing.com, 22. stockanalysis.com, 23. www.investopedia.com, 24. corporate.walmart.com, 25. stockanalysis.com, 26. proximosdividendos.info, 27. www.fool.com
