Walmart shares surge to all-time high following launch of Walmart+

Must Read

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...
- Advertisement -

Walmart shares are 2% higher this morning after losing 1% during yesterday’s stock trading session in New York, opening at $142 per share this Tuesday.

This positive performance is being fueled by the launch of its long-awaited paid membership program Walmart+, which according to the company will be implemented nationwide on 15 September.

Walmart shares surge to all-time high following launch of Walmart+

Walmart+ will cost $12.95 per month or $98 per year, similar to the $12.99 a month Amazon currently charges for its Amazon Prime membership, although cheaper compared to Amazon’s annual membership of $119.

However, Walmart+ is not exactly the same as Amazon Prime, as it will only offer free deliveries for online orders above $35, although it also entitles its members to a discount of 5 cents per gallon of fuel and privileged access to the Scan & Go app, designed to avoid checkout lines.

- Advertisement -

Walmart said its service was not launched to compete directly with Amazon or any of its rivals’ memberships, as it was primarily designed to assist its customers in their needs.

“We’re launching it to meet the needs of our customers, and it really was designed to make their busy lives easier. We think that it offers a comprehensive suite of in-store and online benefits that help people save time and money across a variety of areas”, said Chief Customer Officer Janey Whiteside during a call with reporters on Monday morning.

Read Also:  YouTube Surges into the Top 10 and Ranks Third Most Intimate Brands among Millennials - Report

How are Walmart shares reacting to the news?

Walmart shares have seen some positive momentum lately after they went down following the company’s quarterly earnings report, which although beat analysts’ estimates also provided weaker-than-expected guidance for the rest of the year as talks of another fiscal stimulus package in the US stalled.

On the other hand, Walmart shares jumped on 27 August after the company announced it was teaming up with Microsoft to place a bid for the popular video app TikTok in what was seen as a surprising move by a big-box retailer such as Walmart.

- Advertisement -

Meanwhile, Walmart+ news are providing another kick for the stock price, pushing Walmart shares above a rising wedge, which could point to the creation of a new uptrend for the Walton family business.

However, today’s push towards the $142 all-time high has left a gap at the $139 level that should probably be filled in the next few sessions before the stock moves any higher.

- Advertisement -
Walmart shares surge to all-time high following launch of Walmart+ - Brand SpurWalmart shares surge to all-time high following launch of Walmart+ - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Walmart shares surge to all-time high following launch of Walmart+ - Brand SpurWalmart shares surge to all-time high following launch of Walmart+ - Brand Spur

Latest News

Four 12 Year Old Students To Tackle Hong Kong’s Longest Trail to Raise Funds for The Child Development Centre (CDC) for Children with Special...

HONG KONG SAR - Media OutReach - 9 March 2021 - From 27 to 29 March 2021, four secondary school students will challenge themselves to complete the longest trail in Hong Kong - the 100km MacLehose trail. Their aim is to raise essential funds for The Child Development Centre (CDC), a non-profit organisation that supports children with special educational needs. Please support and donate to this cause at https://www.simplygiving.com/100km-hike-for-special-needs

Read Also:  Another Merger Benefit as Diamond Bank introduces PayDay Loan

Walmart shares surge to all-time high following launch of Walmart+ - Brand Spur Walmart shares surge to all-time high following launch of Walmart+ - Brand Spur


Jack, Jaden, Gabriel, and Martin are year-12 students at an international school in Hong Kong. The hike they will complete is not only daunting in length, but also challenging due to the elevation of 5,053 metres. The students chose the CDC as the sole beneficiary as Jack's younger sister previously attended an early intervention programme there. "This organisation (the CDC) is very close to Jack's heart, as he has a younger sister with Down's Syndrome, and understands the difficulties that families face when raising and educating special needs children to reach their full potential, which is something that every child deserves.

"Money donated to the CDC will go towards programme and service expenses, allowing them to aid even more families, and provide even better care with their top notch teaching specialists and therapists. Furthermore, it is no doubt that under the current COVID-19 pandemic, non-profit organisations like this will be impacted the most, so any money donated will be especially helpful now more than ever. We would really appreciate your support on our journey and cause!"

Dr. Yvonne Becher, the Chief Executive of the CDC, expressed her gratitude to the students for organising this meaningful event, "we are grateful for Jack's and his team's initiative, and are glad that the CDC's work is being recognised and has created such positive value to families throughout the years. Hope everyone can also feel the love and faith that Jack has for his sister, and spread the positive energy to many other children with additional needs in our society."

Walmart shares surge to all-time high following launch of Walmart+ - Brand Spur Walmart shares surge to all-time high following launch of Walmart+ - Brand Spur


Based on each child's needs, the CDC's multidisciplinary team offers services such as assessments, early intervention programmes, speech therapy, occupational therapy, and targeted support programmes addressing social skills, sensory processing, attention, behaviour, early literacy and numeracy, and more. The CDC is also committed to supporting parents and professionals through counselling services, outreach screening, and child development training.


This press release is distributed by The Child Development Centre and supported by Media OutReach Newswire

About The Child Development Centre:

Igniting Learning Journeys - One Child at a Time

The Child Development Centre (CDC) is a non-profit education, assessment and therapy provider for children of early childhood age (0 - 8) with a wide spectrum of additional learning or developmental needs. We envision that every child will succeed in their unique learning journey and are missioned to provide quality learning experiences for the individual child and empower their families. The CDC is one of only two government-supported Early Education and Training Centres (EETCs) in Hong Kong which provide programmes and services in both English and Chinese, serving more than 400 children per year.

Address: 4/F, Prime Mansion, 183-187 Johnston Road, Wan Chai, Hong Kong

T 3462 2875 | F 2849 6900 | www.cdchk.org

Walmart shares surge to all-time high following launch of Walmart+ - Brand Spur
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Walmart shares surge to all-time high following launch of Walmart+ - Brand SpurWalmart shares surge to all-time high following launch of Walmart+ - Brand Spur