Walmart stock is making a historic change today. Here's why WMT is moving from the NYSE to the Nasdaq

"A week before Thanksgiving, Walmart announced that it would transfer its common stock listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market. The move is historic for a few reasons. The first is that Walmart (Nasdaq: WMT) shares have traded on the NYSE since 1972-the last 53 years. Walmart went public in 1970, but traded on over-the-counter markets for the first two years before joining the NYSE. That ends today."

"Over the last 53 years, Walmart's stock on the NYSE has grown more than 536,000% as of yesterday's market close. By moving to the Nasdaq, Walmart is beginning a new chapter of its financial life. As of its last trading day on the NYSE yesterday, Walmart had a market cap of more than $905 billion. Its transfer from the NYSE to the Nasdaq represents the largest stock exchange transfer in history."

"Walmart cited several reasons for its decision to move from the NYSE to the Nasdaq. But a lot of it has to do with image. Over the past few decades, the Nasdaq has become home for the most technologically progressive, forward-thinking companies on the planet. The Nasdaq is where all of the so-called Magnificent 7 tech companies are traded: Apple (Nasdaq: AAPL) Amazon (Nasdaq: MSFT) Nvidia (Nasdaq: NVDA) Microsoft (Nasdaq: MSFT) Meta (Nasdaq: META) Alphabet (Nasdaq: GOOG) Tesla (Nasdaq: TSLA)"

Walmart transferred its common stock listing from the New York Stock Exchange to the Nasdaq Global Select Market, ending a 53-year run on the NYSE that began after a 1970 IPO and two years trading over-the-counter. Walmart's NYSE-listed shares rose more than 536,000% over those 53 years, and the company carried a market capitalization above $905 billion on its final NYSE trading day. The move constitutes the largest stock exchange transfer in history. Walmart cited several reasons for the change, emphasizing image and alignment with the Nasdaq's concentration of technologically progressive, forward-thinking companies, including the so-called Magnificent 7.

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