Walmart EVP James sells $359,368 in company shares

TL;DR

Walmart shoppers are feeling the crunch of higher prices at the pump, and it could be a sign of where the economy is heading. Walmart CFO John David Rainey said during the retailer’s latest quarterly earnings call this week shoppers were filling their gas tanks with fewer than 10 gallons of gas on average for the first time since 2022. “That’s an indication of stress,” he said during the call.