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home / news releases / WMT - Why Michaels Stock Popped Today

WMT - Why Michaels Stock Popped Today

Walmart Inc.

Shares of Michaels Companies (NASDAQ: MIK) were moving higher today for the second day in a row as the arts-and-crafts retailer got a boost from the market's rotation out of overbought growth stocks and into beaten down cyclical stocks like Michaels, which had sold off sharply with the rest of the consumer discretionary retail sector. 

As a result, the stock was up 23.2% as of 3:31 p.m. EDT.

Image source: Getty Images.

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Stock Information
Company Name: Walmart Inc.
Stock Symbol: WMT
Market: NYSE
Website: stock.walmart.com
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