Wal-Mart Stores, Inc. WMT shares are trading higher by $5.81 (9 percent) at $68.97 in Thursday's session. The catalyst for the monster rally is a Q1 beat of a dime with nearly $300 million more in sales.
For those who thought the issue couldn't retain these gains, you're mistaken. After nearly a $5 higher open, it retreated only $0.60 to $67.50 before continuing its move higher.
At this time, it has climbed into the $69 handle, with the current high standing at $69.17. That marks the highest level for the issue since it peaked on April 28 at $69.62.
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