Walmart Hits All-Time High Ahead of Nasdaq-100 Inclusion
Walmart (WMT) shares surged to a record $120 on Tuesday, fueled by anticipation of its upcoming inclusion in the Nasdaq-100 index. The retail giant's decision to shift its listing from the NYSE to Nasdaq's Global Select Market in late 2025 marks the end of a 50-year era, with the stock already gaining 8% year-to-date in 2026.
Analysts highlight Walmart as a standout among dividend stocks, with the Nasdaq MOVE expected to attract further investor attention. The company also unveiled an expanded drone delivery partnership with Alphabet (GOOGL), targeting 270 locations by 2027 to serve 40 million customers. "Drone delivery solves last-mile challenges at unprecedented speed," said Walmart's Greg Cathey, underscoring the strategic push into instant fulfillment.
