• Walmart Inc. (NYSE:WMT) is under scrutiny due to a lawsuit filed by the Consumer Financial Protection Bureau (CFPB) over its Spark Driver program.
• The lawsuit and subsequent investigation by Levi & Korsinsky have led to a decline in Walmart's stock price.
• Despite significant stock sales by Walton Family Holdings Trust, Walmart's market capitalization remains robust at approximately $735.18 billion.

Walmart Inc. (NYSE:WMT) is a global retail giant, known for its extensive chain of hypermarkets, discount department stores, and grocery stores. The company faces competition from other major retailers like Amazon and Target. Recently, Walmart has come under scrutiny due to a lawsuit filed by the Consumer Financial Protection Bureau (CFPB) regarding its Spark Driver program.

The CFPB accuses Walmart of coercing delivery drivers to use costly deposit accounts, leading to over $10 million in fees. This legal action has prompted Levi & Korsinsky to investigate potential violations of federal securities laws by Walmart. The announcement of the lawsuit has negatively impacted Walmart's stock price, causing a significant decline during intraday trading.

In the midst of these legal challenges, Walton Family Holdings Trust, a major shareholder, executed significant stock sales. On December 23, 2024, they sold 1,186,992 shares at approximately $89.49 each and 2,635,844 shares at around $90.34 each. Despite these sales, the trust still holds a substantial number of shares, totaling 597,166,866.

Walmart's stock is currently priced at $91.52, reflecting a decrease of 1.37%. The stock has experienced fluctuations, with a low of $91.04 and a high of $92.35 during the trading day. Over the past year, the stock has seen a high of $96.18 and a low of $51.87, indicating volatility in its market performance.

Walmart's market capitalization stands at approximately $735.18 billion, with a trading volume of 5,527,231 shares. The ongoing legal issues and stock sales by major shareholders may continue to influence the company's stock performance and investor sentiment.