3 Lessons Walmart Stock Offers in the Current Bear Market
The recent bear market has caused concern among some growth investors. With rising interest rates and inflation at a 40-year high, many investors fear a return to the 1970s, a decade when the Dow Jones Industrial Average remained essentially flat.
However, growth investors may have cause for optimism thanks to Walmart (NYSE: WMT) or at least its history. Its rise from a regional store chain to the world's largest retailer offers three key lessons that could teach and encourage investors hoping to make gains as the overall market struggles.
Walmart launched its IPO in October 1970 at $16.50 per share. As of today, the stock has split 11 times. That means the original 100 shares are now 204,800 shares, taking that split-adjusted IPO price to $0.008 per share.
Source Fool.com
