85% Profit As Walmart Sells JD.com!
More Profit Is Expected!
Wal-Mart Stores Inc. (NYSE:WMT) in an unexpected move late Tuesday sold its 9.4% stake in China-based e-commerce company JD.com for $3.6 billion, according to reports. The supermarket chain is seeking to raise about $3.74 billion by selling its stake in JD.com.
The announcement comes after Walmart cleared Q2 forecasts last Thursday with a beat-and-raise report.
Walmart stock climbed about 1% Wednesday. WMT stock has rallied 43% in 2024, making it the Dow's fastest-moving stock this year.
This set the scene for Weekly Options USA Members to profit by 85 using a WMT Weekly Options trade!
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Best of Trading,
Ian Harvey
Weekly Options USA
Plan your exit strategy before you enter a trade, because once you are in a trade, your emotions may cloud your judgment.
