WMT stock fell to an intraday low of $103.04, breaching key technical levels following disappointing earnings results.
Walmart shares plunged nearly 10% to an intraday low of $103.04 on Thursday, erasing recent gains and threatening the critical $100 support level. The decline followed a post-earnings gap down that inflicted heavy technical damage on the stock’s daily chart.
Prior to the drop, WMT had traded above its 50-day moving average, but the sharp sell-off sliced through this key technical marker. The $100 threshold is viewed as a psychological support level, with traders closely monitoring whether the stock can stabilize above it.
The move reflects investor reaction to the latest earnings report, which fell short of market expectations and triggered broad selling pressure.