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Fly News Breaks for May 19, 2017
May 19, 2017 | 08:43 EDT
Cowen analyst Oliver Chen said Wal-Mart continues to execute in a difficult retail environment. He noted e-commerce sales were up 63% during the quarter and he believes they remain in the early innings. Chen believes Wal-Mart will continue to innovate and execute and thus reiterated his Outperform rating and $83 price target on Wal-Mart shares.
News For WMT From the Last 2 Days
Jul 25, 2017 | 13:40 EDT
Walmart calls active. The stock up $1.70 to $78.59 amid broad strength in the retailers and Sep 80 calls trade across the exchanges Tuesday morning for 93 and 95c per contract. 12K trade against 6.9K open interest and the market lifted to $1.21 to 1.25. Sep 80 calls are 1.8% above spot and capture 8/17 earnings.
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