Walmart Stock Hits Record High Ahead of Black Friday Amid Strong Holiday Spending Forecast
Walmart Inc. shares surged to an all-time high of $109.58 on November 26, buoyed by optimistic projections for holiday consumer spending. The discount retailer launched its Thanksgiving promotions early on November 14, signaling confidence in demand during the critical shopping period.
Black Friday doorbusters include DEEP discounts on big-ticket items like an 85-inch Roku TV marked down 27% to $498 and a Blackstone grill discounted 30% to $157. These aggressive promotions come as the National Retail Federation predicts a record 187 million shoppers will participate in Black Friday through Cyber Monday events this year.
The retail giant's stock performance contrasts with broader economic concerns, demonstrating the resilience of discount retailers in uncertain climates. Analysts note Walmart's strategic inventory positioning and early holiday campaigns may capture greater market share during this compressed shopping season.
