Particle.news
Download on the App Store

Walmart Leaves NYSE for Nasdaq to Underscore Tech Ambitions

The retailer says the switch reflects its push into digital transformation and technology-driven retail.

Overview

  • Walmart began trading on the Nasdaq on Dec. 9 under the unchanged ticker symbol WMT after more than 50 years on the NYSE.
  • CEO Doug McMillon said Nasdaq’s technology focus aligns with Walmart’s strategy to drive digital transformation.
  • The transfer was described as the largest exchange switch by market value, with Walmart worth about $905 billion at the time of the move.
  • Shares trade around $114 with a market capitalization above $925 billion, and the stock is up more than 28% this year.
  • Walmart’s stock has split 12 times, most recently in 2024, and a single $16.50 IPO share would now equate to 6,144 shares worth about $586,076 excluding dividends.