Walmart Inc. to Join Nasdaq-100 Index and Related Indices on January 20, 2026

Walmart Inc. will join multiple Nasdaq-100 Indexes effective January 20, 2026, replacing AstraZeneca PLC.

Quiver AI Summary

Nasdaq announced that Walmart Inc. will join the Nasdaq-100 Index, the Nasdaq-100 Equal Weighted Index, and the Nasdaq-100 Ex-Tech Sector Index on January 20, 2026, replacing AstraZeneca PLC. AstraZeneca will also be removed from several other Nasdaq indexes, including the Nasdaq-100 ESG Index and others. The market will be closed on January 19, 2026, for Martin Luther King Jr. Day. The Nasdaq-100 Index tracks 100 of the largest non-financial companies on the Nasdaq Stock Market across various sectors. Nasdaq has been a leader in creating index solutions since 1971, aiming to provide innovative opportunities for financial entities.

Potential Positives

Walmart Inc. being added to the Nasdaq-100 Index signifies its strong market position and perceived value, which can enhance investor confidence.
This inclusion in the Nasdaq-100 Index places Walmart alongside other major non-financial companies, potentially increasing its visibility and attractiveness to institutional investors.
The inclusion in multiple indices (Nasdaq-100 Equal Weighted Index and Nasdaq-100 Ex-Tech Sector Index) may lead to increased demand for Walmart's shares from index funds and ETFs that track these indices.
Walmart's replacement of AstraZeneca in the index may be interpreted as a positive shift in the market dynamics, highlighting Walmart's stronger performance relative to AstraZeneca in the Nasdaq context.

Potential Negatives

Walmart Inc. is replacing AstraZeneca PLC in the Nasdaq-100 Index, which may indicate a decline in AstraZeneca's relative business standing, potentially reflecting poorly on Walmart's perception in the market.
The press release does not provide detailed context on the implications of Walmart's inclusion in the index, which may lead to uncertainty among investors regarding the strategic direction and performance expectations for the company moving forward.
The reference to AstraZeneca being removed from various Nasdaq indices, including the Nasdaq-100 ESG Index, might raise concerns about Walmart's positioning in the ESG criteria landscape, suggesting a focus on non-ESG compliant companies.

FAQ

When will Walmart Inc. join the Nasdaq-100 Index?

Walmart Inc. will join the Nasdaq-100 Index on January 20, 2026.

Which company is Walmart replacing in the Nasdaq-100 Index?

Walmart will replace AstraZeneca PLC in the Nasdaq-100 Index.

What are the indexes Walmart will be added to?

Walmart will be added to the Nasdaq-100 Index, Nasdaq-100 Equal Weighted Index, and Nasdaq-100 Ex-Tech Sector Index.

Why is the market closed on January 19, 2026?

The market is closed on January 19, 2026, in observance of Martin Luther King Jr. Day.

What is the purpose of the Nasdaq-100 Index?

The Nasdaq-100 Index tracks the performance of 100 of the largest non-financial companies listed on the Nasdaq Stock Market.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$NDAQ Insider Trading Activity

$NDAQ insiders have traded $NDAQ stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.

Here’s a breakdown of recent trading of $NDAQ stock by insiders over the last 6 months:

MICHELLE LYNN DALY (SVP, Controller & PAO) sold 8,691 shares for an estimated $812,173
JEREMY SKULE (EVP, CSO) has made 0 purchases and 4 sales selling 8,420 shares for an estimated $767,651.
JOHN ZECCA (EVP, Global CLO) sold 4,500 shares for an estimated $450,045
BRYAN EVERARD SMITH (EVP, CPO) sold 4,633 shares for an estimated $419,610
CHARLENE T BEGLEY sold 3,000 shares for an estimated $289,800

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$NDAQ Revenue

$NDAQ had revenues of $2B in Q3 2025. This is an increase of 2.94% from the same period in the prior year.

You can track NDAQ financials on Quiver Quantitative's NDAQ stock page.

$NDAQ Congressional Stock Trading

Members of Congress have traded $NDAQ stock 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $NDAQ stock by members of Congress over the last 6 months:

REPRESENTATIVE APRIL MCCLAIN DELANEY has traded it 3 times. They made 3 purchases worth up to $115,000 on 10/22, 10/09, 09/19 and 0 sales.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$NDAQ Hedge Fund Activity

We have seen 547 institutional investors add shares of $NDAQ stock to their portfolio, and 398 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JANE STREET GROUP, LLC removed 6,051,447 shares (-84.0%) from their portfolio in Q3 2025, for an estimated $535,250,487
VANGUARD GROUP INC added 3,848,406 shares (+6.9%) to their portfolio in Q3 2025, for an estimated $340,391,510
BLACKROCK, INC. added 3,083,656 shares (+8.3%) to their portfolio in Q3 2025, for an estimated $272,749,373
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 2,470,201 shares (+53.8%) to their portfolio in Q3 2025, for an estimated $218,489,278
HARRIS ASSOCIATES L P removed 1,866,321 shares (-24.0%) from their portfolio in Q3 2025, for an estimated $165,076,092
SELECT EQUITY GROUP, L.P. added 1,737,608 shares (+140.9%) to their portfolio in Q3 2025, for an estimated $153,691,427
DIAMOND HILL CAPITAL MANAGEMENT INC removed 1,659,015 shares (-64.9%) from their portfolio in Q3 2025, for an estimated $146,739,876

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$NDAQ Analyst Ratings

Wall Street analysts have issued reports on $NDAQ in the last several months. We have seen 7 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Barclays issued a "Overweight" rating on 01/08/2026
Morgan Stanley issued a "Overweight" rating on 11/20/2025
Keefe, Bruyette & Woods issued a "Outperform" rating on 07/25/2025
UBS issued a "Buy" rating on 07/25/2025
Deutsche Bank issued a "Buy" rating on 07/25/2025
RBC Capital issued a "Outperform" rating on 07/25/2025
Piper Sandler issued a "Overweight" rating on 07/15/2025

To track analyst ratings and price targets for $NDAQ, check out Quiver Quantitative's $NDAQ forecast page.

$NDAQ Price Targets

Multiple analysts have issued price targets for $NDAQ recently. We have seen 10 analysts offer price targets for $NDAQ in the last 6 months, with a median target of $104.5.

Here are some recent targets:

Benjamin Budish from Barclays set a target price of $115.0 on 01/08/2026
Michael Cyprys from Morgan Stanley set a target price of $111.0 on 12/22/2025
Bill Katz from TD Cowen set a target price of $96.0 on 10/22/2025
Patrick O'Shaughnessy from Raymond James set a target price of $100.0 on 10/13/2025
Richard Repetto from Piper Sandler set a target price of $104.0 on 08/04/2025
Ashish Sabadra from RBC Capital set a target price of $108.0 on 07/25/2025
Brian Bedell from Deutsche Bank set a target price of $105.0 on 07/25/2025

Full Release

NEW YORK, Jan. 09, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that Walmart Inc. (Nasdaq: WMT), will become a component of the Nasdaq-100 Index ^® (NDX ^® ), the Nasdaq-100 Equal Weighted™ Index (NDXE™), and the Nasdaq-100 Ex-Tech Sector™ Index (NDXX™) prior to market open on Tuesday, January 20, 2026 - the first trading day following the third Friday of the month.

Walmart Inc. will replace AstraZeneca PLC (Nasdaq: AZN) in the Nasdaq-100 Index ^® , the Nasdaq-100 Equal Weighted Index, and the Nasdaq-100 Ex-Tech Sector Index. AstraZeneca PLC will also be removed from the Nasdaq-100 ESG™ Index (NDXESG™), Nasdaq-100 ex Top 30™ (NDX70™), Nasdaq-100 ex Top 30 UCITS™ (NDX70U™), Nasdaq-100 Sustainable ESG Select™ (NDXSES™), Nasdaq-100 Low Volatility™ (NDXLV™), and Nasdaq-100 Select Equal Weight™ (NDXSE™) prior to market open on Tuesday, January 20, 2026. Please also note that the market will be closed on Monday, January 19, 2026, in observance of MLK, Jr. Day.

The Nasdaq-100 Index is a globally recognized index that tracks the performance of 100 of the largest non-financial companies listed on the Nasdaq Stock Market ^® encompassing a diverse range of industries and sectors. From technology and retail to healthcare, telecommunications, biotechnology, and media, these companies collectively shape the new 21st century economy.

To learn more about the Nasdaq-100 Index methodology, visit: https://indexes.nasdaq.com/docs/Methodology_NDX.pdf

For more information about the company, go to https://stock.walmart.com/

About Nasdaq Global Indexes

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About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com

Nasdaq ^® , Nasdaq-100 Index ^® , Nasdaq-100 ^® , NDX ^® , and Nasdaq Stock Market ^® are registered trademarks of Nasdaq, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies or Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

Media Relations Contact		Investor Relations Contact
Name: Maximilian Leitenberger		Name: Index Client Services
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