by Kim Souza (ksouza@talkbusiness.net)
Among the 11 largest Arkansas-based publicly traded companies, only four reported gains in their stock prices over the first two quarters ending June 28. Most of the decliners were among banks and shipping companies based in the state.
The largest Arkansas stock by market cap is Bentonville-based Walmart which closed out the first half of 2024 with stock gains of 28.92%, the highest growth among its Arkansas cohorts. Walmart shares (NYSE: WMT) closed on June 28 at $67.71 compared to $52.52 where the stock opened trading on Jan. 2. Walmart also grew its market capitalization by $122.7 billion since Jan. 2, the first trading day of the year. The market capitalization of Walmart shares closed out the first half of 2024 at $544.63 billion.
Close behind Walmart is El Dorado-based Murphy USA. The gasoline and convenience retailer operates more than 1,700 U.S. stores. Shares of Murphy USA (NYSE: MUSA) increased in value by 28.48% in the first six months of 2024. The stock opened the year at $365.39 and closed at $469.46 on June 28. The share price has retreated from weaker-than-expected earnings reported in May. However, the company has grown its market capitalization to $9.6 billion, up from $7.58 billion at the start of 2024.
Four of 11 Arkansas-based publicly-held companies post share gains through June
