Walmart's Stock Soars 43% This Year Even As Arsenic Levels Trigger a Massive Apple Juice Recall
Portfolio Pulse from Zaheer Anwari
Walmart has recalled over 9,500 cases of its Great Value apple juice due to high arsenic levels, but its stock continues to rise, driven by strong earnings. Despite the recall, Walmart's stock is up 43% this year and 10% in August.
August 26, 2024 | 2:16 pm
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Walmart's stock has risen 43% this year despite a recall of apple juice due to high arsenic levels. The stock's rise is attributed to strong earnings, with a 10% increase in August alone.
Walmart's stock price has been positively impacted by strong earnings, which overshadowed the negative news of the apple juice recall. The stock's 10% rise in August and 43% increase this year indicate investor confidence in the company's financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100