Walmart Jumps to Nasdaq in Biggest Exchange Transfer on Record

Walmart Inc., the world’s biggest retailer, said it will move its stock listing to the Nasdaq, marking the largest defection in the New York Stock Exchange’s history.

The Bentonville, Arkansas-based company, which has been on the NYSE since 1972, said it expects its shares to begin trading on the Nasdaq Global Select Market, the highest of the exchange’s three tiers, on Dec. 9. The move to the tech-heavy Nasdaq reflects Walmart’s “technology-forward approach,” the retailer said, and it will transfer the listing of nine bonds to the exchange as well. Its stock will trade under its current ticker symbol, “WMT.”