Walmart trades in red for seven straight sessions

Walmart (NYSE:WMT) continued losses for seven straight sessions as the stock closed 1.02% lower, at $94.82 on Thursday.

The retail giant lost more than 3.5% in the last six trading sessions. WMT is down 1% over the past one month. The stock closed 1.56% lower, at $95.80 on Wednesday.

Walmart shares have gained more than 4% so far this year, compared to a 2.53% gain in the broader benchmark index.

Walmart last week announced a major expansion of its drone delivery service. The retail giant said millions of customers in Atlanta, Charlotte, Houston, Orlando, and Tampa will enjoy the convenience of receiving their orders in just minutes.

Seeking Alpha’s Quant rating system has rated Walmart stock as a HOLD, while sell-side analysts see the stock as a STRONG BUY. Meanwhile, SA authors have a SELL rating on the stock.

Seeking Alpha analyst Kevin George pointed out in a recent analysis that Walmart’s stock has surged since the pandemic, but underlying revenue growth and margins are weakening, raising concerns about sustainability.

“Recent tariff pressures and management’s uncertainty about price elasticity add risk to Walmart’s profitability and future performance,” George added.