Home / Features / Wal-Mart Stores (NYSE:WMT) Will Offer Its Largest Cyber Week Assortment To Date And Kick Off Thanksgiving Day

Wal-Mart Stores (NYSE:WMT) Will Offer Its Largest Cyber Week Assortment To Date And Kick Off Thanksgiving Day

Shares of Wal-Mart Stores Inc. (NYSE:WMT) [Trend Analysis] runs in leading trade, it moving up 1.21% to traded at $69.37. The firm has price volatility of 1.49% for a week and 1.28% for a month. Its beta stands at 0.11 times. Following about tripling its online product assortment this year from 8M to over 23 million items, Walmart (WMT) reported it will offer its largest Cyber Week assortment to date and kick off the event the day following Thanksgiving. Thousands of Walmart’s Cyber Week online specials, featuring surprising new brands and unbeatable prices, will be accessible starting Friday, Nov. 25.

On the other hand, Wal-Mart Stores Inc.is starting its online Cyber Week sales several days early this year, with plans to start Friday at 12:01 a.m. Eastern. Previous year, Cyber Monday kicked off one day early, and well before midnight. The firm has invested heavily in e-commerce, together with improving its stores. Wal-Mart stated e-commerce sales added 0.5% to the U.S. same-store sales figure in the third quarter, its “largest contribution yet.” Analysts stated it appears to be on the right path with its online efforts. Narrow down four to firm performance, its weekly performance was -1.59% and monthly performance was 1.51%. The stock price of WMT is moving down from its 20 days moving average with -0.89% and isolated negatively from 50 days moving average with -1.34%.

Several matter pinch shares of Symantec Corporation (NASDAQ:SYMC) [Trend Analysis], as shares surging 3.24% to $24.52 with a share volume of 25.65 Million. Symantec Corp. (SYMC) released that it has agreed to buy LifeLock, Inc. (LOCK) for $24 per share or $2.3 billion in enterprise value. The accord, which was agreed by the boards of directors of both companies, is predictable to close in the first calendar quarter of 2017. Symantec expects to finance the transaction with cash on the balance sheet and $750 million of new debt.

Symantec expects the transaction to be accretive to non-GAAP eps in fiscal year 2019. Symantec expects the transaction to have no impact to its quarter ending December 30, 2016 and also to its fiscal year 2017 financial results. Symantec stated its acquisition of LifeLock will create the world’s largest consumer security business with over $2.3 billion in yearly income based on last fiscal year incomes for both companies. The stock is going forward its 52-week low with 69.42% and moving down from its 52-week high price with -4.37%. To have technical analysis views, liquidity ratio of a firm was calculated 1.80 as evaluated with its debt to equity ratio of 1.86. The float short ratio was 4.38%, as compared to sentiment indicator; Short Ratio was 3.09.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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