Walmart (WMT) shares fell 1.30% in morning trading, primarily due to broader market pressure stemming from a sharp sell-off in the healthcare sector that weighed heavily on the price-weighted Dow Jones Industrial Average.
- The decline occurred as major health insurers plunged following the Centers for Medicare & Medicaid Services' proposal of a minimal 0.09% increase for Medicare Advantage payments.
- The stock traded at $116.11 during the morning session.