Walmart plans to change its stock listing to the tech-heavy Nasdaq stock market from the New York Stock Exchange beginning Dec 9.

Walmart WMT-N on Thursday raised its annual forecasts for the second time this year after another strong quarter led by surging online sales, in a signal of confidence headed into the holiday season.

The company also set a December move of its stock listing to Nasdaq.

The company reported growth in U.S. comparable sales, which includes online and stores, of 4.5 per cent for the August through October period, above estimates for 3.8-per-cent growth, according to LSEG. It also forecast annual net sales to rise 4.8 per cent to 5.1 per cent, compared with a prior target of a 3.75-per-cent to 4.75-per-cent increase.

U.S. households, particularly low- and middle

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