Retail
If You Had Invested $1000 in Walmart at the Market Bottom, It Would Now Be Worth $2400
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Timing the market is easily one of the most difficult parts of trading. In particular, calling the market bottom and knowing when to get in is usually something investors only know way after the fact. 24/7 Wall St. is looking back to when the S&P 500 bottomed back in March 2009 to see how some of the major blue chips have fared since then.
Back on March 6, 2009, the S&P 500 bottomed out at 666.79, and from there began perhaps the biggest bull market of the modern era. At the most recent close, the S&P 500 was at 2,732.22, more than quadrupling its bottom nearly nine years ago.
So how does this stack up against Walmart Inc. (NYSE: WMT)?
On an adjusted close basis, Walmart closed March 6, 2009, at $39.01 a share, or at $48.91 on an unadjusted basis. Walmart most recently closed at $92.77 on an adjusted basis.
Just eyeballing the numbers here, we can see that Walmart’s growth over this nine-year period was outpaced by the broad markets, with shares gaining only about 138%.
So if you had invested $1,000 in Walmart back then, you would have $2,378.11 as of Thursday’s close.
Over the past 52 weeks, Walmart has outperformed the broad markets, with its shares up about 29%. However, in just 2018 alone, Walmart is actually down 6%.
Shares of Walmart were last seen trading just under $93, with a consensus analyst price target of $104.91 and a 52-week range of $69.33 to $109.98.
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