{"id":8046,"date":"2013-06-27T06:10:23","date_gmt":"2013-06-27T10:10:23","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=8046"},"modified":"2013-06-27T06:10:23","modified_gmt":"2013-06-27T10:10:23","slug":"wal-mart-stores-inc-nysewmt-faces-consistent-series-of-setbacks","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/wal-mart-stores-inc-nysewmt-faces-consistent-series-of-setbacks-8046","title":{"rendered":"Wal-Mart Stores Inc (NYSE:WMT) faces consistent series of setbacks"},"content":{"rendered":"

Boston, MA 27\/06\/2013 (wallstreetpr) – As the company had been facing consistent series of setbacks in its systematic efforts to break into the expanding Indian markets, which had been promising and restrictive, the country head of Wal-Mart Stores Inc (NYSE:WMT), Raj Jain had left the company. The Bentonville, Arkansas based retail store chain had been struggling for long to expand its supermarket chains at the international level into the largest yet untapped markets of India.<\/p>\n

The world\u2019s largest retailer, Wal-Mart Stores Inc (NYSE:WMT) had decided to replace Raj Jain with Ramnik Narsey as the interim head for the business operations of the company in India. With Indian markets now open to the global supermarket owners to set up their retail shops with 51 percent ownership in the operation, Wal-Mart Stores Inc (NYSE:WMT) had been struggling to tap this potential and promising markets.<\/p>\n

The shares of Wal-Mart Stores Inc (NYSE:WMT) had been gaining grounds by around 0.86 percent and had thereby had reached $7.01 per share when the market closed for trading on Wednesday. The shares of the company had recorded minimal fluctuations in intraday price movements within the range of $74.54 to $75.18 per share during the day, after it had opened at $74.62 per share. The recent few days of trading in shares of Wal-Mart Stores Inc (NYSE:WMT) had led the company to record new 52 week low price level at $67.37 per share, while the 52 week high price level of the company stays at $79.96 per share.<\/p>\n

Wal-Mart Stores Inc (NYSE:WMT) had been witnessing the exchange of 5.48 million shares for the last trading session on Wednesday, while the average level of trading volume for the company is at 8.07 million shares per day. Around 30 percent of the total capital of Wal-Mart Stores Inc (NYSE:WMT) is held under institutional ownership and the company presently has a total of 3.31 billion shares outstanding in the market.<\/p>\n","protected":false},"excerpt":{"rendered":"

Boston, MA 27\/06\/2013 (wallstreetpr) – As the company had been facing consistent series of setbacks in its systematic efforts to break into the expanding Indian […]<\/p>\n","protected":false},"author":12,"featured_media":8064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[801,1914],"stock_ticker":[],"class_list":["post-8046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nysewmt","tag-wal-mart-stores-inc-nysewmt","entry"],"acf":[],"yoast_head":"\nWal-Mart Stores Inc (NYSE:WMT) faces consistent series of setbacks - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/wal-mart-stores-inc-nysewmt-faces-consistent-series-of-setbacks-8046\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wal-Mart Stores Inc (NYSE:WMT) faces consistent series of setbacks - 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