Walmart pulls firearms and ammunition from U.S. stores due to election civil unrest fears

Firearms and emissions will still be sold but only as per request and will not remain on the store floors. Walmart Inc WMT:NYSE also pulled guns and ammunition from floor stores back in June amidst the George Floyd protests.

“The retail giant said the move comes amid “isolated civil unrest” as protests and cases of vandalism recently broke out in Philadelphia. The civil unrest was a result of police fatally shooting a black man in the city, according to the reports.” Source :MT Wires

In other news-  Walmart has sued the U.S. Department of Justice (DOJ) and the Drug Enforcement Administration (DEA), asking a federal court to clarify the roles and responsibilities of pharmacists and pharmacies under the Controlled Substances Act (CSA). Walmart Inc. v. DOJ et al. is pending before the U.S. District Court for the Eastern District of Texas. In a statement, the company said: Walmart and our pharmacists are committed to helping address the opioid crisis that has affected so many. We are proud of our pharmacists, who help patients understand the risks about opioid prescriptions, and who have refused to fill hundreds of thousands of opioid prescriptions they thought could be problematic. With the help of a team of investigators and experts, Walmart has also blocked thousands of questionable doctors from having their opioid prescriptions filled by any of our pharmacists, and we frequently assist law enforcement in bringing bad doctors to justice.  Source Walmart

Trend Analysis

WMT appears to be correcting within a longer-term bullish trend. Although its MACD is presently below the signal line, shares remain above an upwards sloping 200-day moving average. Comparative Relative Strength analysis shows that this issue is outperforming the S&P 500. Source: Charles Schwab


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