Walmart Inc.’s shares were sinking on Wednesday, putting the world’s largest retailer on pace to book its worst weekly decline in more than 9 years, following Tuesday’s brutal selling. Shares of the component of the Dow Jones Industrial Average were off 2.3% on the day, after showing some brief signs of life at the open of Wednesday’s session. The embattled retail stock suffered its worst percentage decline in 30 years in the prior session, and its steepest dollar decline on record, after it reported fourth-quarter results that showed softness in its online business as it competes against juggernaut Amazon.com Inc. . Walmart’s stock looked on pace for a weekly fall of 12.3% at $91.85, which would represent its sharpest such percentage stumble since Oct. 10, 2008, when it saw a weekly drop of 14.7%, according to FactSet data. For the month, the Bentonville, Ark.-based retailer is on pace for a monthly tumble of 13.6%, which would mark its worst such loss since January of 2009.
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