00:00It's Benzinga bringing Wall Street to Main Street.
00:03Walmart shares rose to a new all-time high on Wednesday as the company strengthened its
00:07position in digital commerce and physical retail, according to Benzinga. The retail
00:12giant's rally followed a strong Black Friday showing as U.S. online spending jumped and
00:17its AI assistant Sparky boosted online spending by 9.1%. The company reported third quarter
00:23revenue of $179.5 billion and raised its fiscal 2026 outlook as high- and middle-income consumers
00:31drove demand. Investors also reacted to operational expansions, including the opening of a $350
00:37million dairy processing plant in Georgia. Walmart will transfer to the Nasdaq Global Select Market
00:43on December 9. Shares were up 1.42% at $113.99 and trading above their 50-day and
00:52200-day moving averages. Walmart is trading well above its key moving averages, indicating
00:58strong short-term and long-term momentum for buyers. For all things money, visit Benzinga.com.
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