|Day's range||26.50 - 26.55|
Walmart (WMT) closed at $139.52 in the latest trading session, marking a -0.64% move from the prior day.
Walmart has a long track record of keeping costs down to maintain ultra-low prices for its customers. Customers know they can go to Walmart for rock-bottom prices. During these times, consumers typically trade down to seek values at places like Walmart.
Costco Wholesale (NASDAQ: COST) and Walmart (NYSE: WMT) have long been rivals. Walmart is mostly a conventional retailer, while Costco operates as a membership club, selling bulk products for bargain prices in exchange for a membership fee. For investors, Costco and Walmart also have similar strengths.