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Stockreport

Erste Group Downgrades Walmart (WMT) to Hold from Buy; FTC Settlement Adds Pressure [Yahoo! Finance]

Walmart Inc. (WMT)  More Company Research Source: Yahoo! Finance
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Erste Group Downgrades Walmart (WMT) to Hold from Buy; FTC Settlement Adds Pressure Niloo / Shutterstock.com On March 5, Erste Group downgraded Walmart Inc. (NASDAQ:WMT) to Hold from Buy. Earlier, on February 26, Reuters reported that Walmart agreed to pay $100 million to settle charges related to earnings for delivery drivers. The US Federal Trade Commission said the company's actions caused drivers to lose tens of millions of dollars. The FTC, along with 11 states, filed a complaint alleging that Walmart misled both customers and drivers. According to the agency, the company claimed that all customer tips would go directly to drivers. It also displayed inflated base pay and tip amounts to drivers participating in its Spark Driver delivery program. The FTC said the settlement not only includes the $100M payment but also places restrictions on the company going forward. Under the agreement, Walmart cannot misrepresent potential earnings in delivery offers made to Spark driver [Read more]
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Stockreport

Erste Group Downgrades Walmart (WMT) to Hold from Buy; FTC Settlement Adds Pressure [Yahoo! Finance]

Walmart Inc.  (WMT) 
More Company Research Source: Yahoo! Finance
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Erste Group Downgrades Walmart (WMT) to Hold from Buy; FTC Settlement Adds Pressure Niloo / Shutterstock.com On March 5, Erste Group downgraded Walmart Inc. (NASDAQ:WMT) to Hold from Buy. Earlier, on February 26, Reuters reported that Walmart agreed to pay $100 million to settle charges related to earnings for delivery drivers. The US Federal Trade Commission said the company's actions caused drivers to lose tens of millions of dollars. The FTC, along with 11 states, filed a complaint alleging that Walmart misled both customers and drivers. According to the agency, the company claimed that all customer tips would go directly to drivers. It also displayed inflated base pay and tip amounts to drivers participating in its Spark Driver delivery program. The FTC said the settlement not only includes the $100M payment but also places restrictions on the company going forward. Under the agreement, Walmart cannot misrepresent potential earnings in delivery offers made to Spark driver [Read more]
IMPACT SNAPSHOT
EVENT TIME:
WMT
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS