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Walmart Stock Spikes On Reported Plans For Amazon Prime-Like Subscription Service Costing Less Than $100 A Year

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deadline.com
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Dade Hayes Finance EditorWalmart stock spiked 6% on heavy trading volume Tuesday after a report that the retail giant plans to roll out a subscription service similar to Amazon Prime.The new offering will cost $98 a year, with subscriber benefits including same-day delivery of groceries and discounted gas, according to an initial report in Recode that was later confirmed by Bloomberg.

Walmart spokesperson told Deadline the company didn’t “have anything to share right now.”Video, both original programming and third-party streaming, has been an integral part of Prime.

In similar fashion, Walmart+ is planning video elements, though even the unconfirmed reports about the overall service are murky when it comes to details.

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