- The biggest U.S. retailer and private-sector employer posts Q3 earnings and revenue above estimates, raises full-year guidance, and announces transfer of stock listing to Nasdaq.
Walmart is moving its stock listing to the Nasdaq Stock Market from the New York Stock Exchange.
The world's largest retailer on Thursday said its shares will begin trading on Nasdaq on Dec. 9 under its current WMT symbol. Walmart said the move "aligns with the people-led, tech-powered approach to our long-term strategy."
The NYSE has been the Bentonville, Ark., company's home since 1972.
Walmart's move would position the retailer to join the Nasdaq-100, an index of the 100 largest nonfinancial companies listed on the exchange. Walmart sports a market capitalization topping $808 billion, which would put it 10th on the current roster.
Joining the Nasdaq-100 could drive the buying of Walmart shares by funds that track the index. Walmart has been part of the Dow Jones Industrial Average since 1997.
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