Walmart CEO McMillon Sells $2.39 Million in Stock on March 26, 2026
C. Douglas McMillon, CEO of Walmart, sold 19,416 shares on March 26, 2026, for $2.39 million. The sale occurred under a Rule 10b5-1 plan. Walmart announced the appointment of Erin Nealy Cox as Executive Vice President and Chief Legal Officer effective April 2026. Flipkart is in talks with Indian billionaire Gautam Adani for potential data center partnerships involving Meta and Google. KeyBanc and Truist Securities maintained positive ratings on Walmart's stock, emphasizing its pricing power and growth strategies.
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C. Douglas McMillon, CEO of Walmart, sold 19,416 shares on March 26, 2026, at a price of $123.1603, totaling $2.39 million. This transaction was executed under a Rule 10b5-1 plan during an open trading window.
Walmart announced Erin Nealy Cox's appointment as Executive Vice President and Chief Legal Officer, effective April 2026, focusing on governance and legal strategy. Additionally, Flipkart is in discussions with Gautam Adani for data center partnerships involving Meta Platforms and Google. KeyBanc reiterated an Overweight rating on Walmart, while Truist maintained a Buy rating, highlighting Walmart's pricing power and growth initiatives.
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