Walmart stock pops nearly 7% higher after report of Amazon Prime rival - MarketWatch

Walmart Inc. WMT, +6.77% shares gained nearly 7% in Tuesday trading after a report late in the trading session said that the large retailer was prepared to launch its own version of Amazon.com Inc.'s AMZN, -1.86% Prime membership. Recode reported Tuesday that Walmart expects to launch a membership plan this month that will provide same-day delivery for groceries and some other items, discounted fuel at Walmart gas stations and early access to some deals. The article said that Walmart plans to charge $98 as year for a Walmart+ subscription, less than the $119 Amazon charges for an annual Prime subscription, based on multiple unnamed sources. Walmart stock jumped immediately after the report was published, and closed the day's session up 6.8% at $126.95.

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