#WalMart November 28
We may earn money or products from the companies mentioned in this post.
Throughout November 2024, several of us are taking part in the 30-Day Dow Jones Coach4aday Challenge. Each day, we explore the history or learn about a company within the DJIA—a key economic and stock market indicator. Today’s post is on WALMART.
Walmart was founded in 1962 by Sam Walton in Rogers, Arkansas. By the 1970s, Walmart had become a publicly traded company and was well on its way to becoming a retail powerhouse across the United States. I actually met Sam Walton in the late 1980’s in Lumberton NC when he opened his first store on Fayetteville Rd. Since then, the business has moved the location further up Fayetteville Rd closer to Exit 22 on I-95.
Walmart stock went public on October 1, 1970. It was listed on the New York Stock Exchange (NYSE) with an initial price of $16.50 per share.
Dow Jones 30-Day Challenge Guidelines
Like previous challenges there are no hard and fast rules to participate. There are a few suggested guidelines
- Each day in November 2024 write about the history or a company that makes up the Dow Jones.
- Share at least one fact about that company.
- If so inclined use the hash tag #Coach4adayChallenge on social media platforms
November 28th-WalMart
Tomorrow has been dubbed Black Friday and in the early 2000’s WalMart was a place of high activity. E-commerce has changed some of the in-person store insanity.
WalMart stock symbol is WMT. It made its debut on the Dow Jones Industrial Average (DJIA) on March 17, 1997. The 1997 stock price was less than $3.00 a share. WMT has had 5 stock splits since 1987. One share in 1987 would equal 48 today. Even after a 3-1 stock split in Feb 2024 one share of WMT was trading at $91.31 on November 26, 2024.
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