Retailer named in reports of canceled Zelda Switch 2 pre-orders and $519.99 gift card offers to affected buyers. · Consumer Defensive
Walmart is named in reports of canceled Zelda Switch 2 pre-orders and $519.99 gift card offers to affected buyers [2]. Its close was $127.72 on November 5 and $125.87 on November 6, down 1.45%, a coincidence in time with the news. Its next earnings report is November 19 before the open, with estimated EPS of 0.64.
Price between closes
$127.72 → $125.87Close of November 5 and November 6
Fair value (ATLAS)
$48.39Fair range: $35.30 to $66.35The price ($125.87) is 160.1% above that figure.
Chance of a rise in 1 month
52%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $120.30 and $132.39; 9 in 10, between $110.51 and $144.11.
Retailer named as having announced online Zelda Switch 2 orders starting November 6, per the product listing. · Consumer Defensive
Target is named as having announced online Zelda Switch 2 orders starting November 6, per its product listing [3]. Its close was $157.95 on November 5 and $158.60 on November 6, up 0.41%, a coincidence in time with the news. Its next earnings report is November 18 before the open, with estimated EPS of 2.04.
Price between closes
$157.95 → $158.60Close of November 5 and November 6
Fair value (ATLAS)
$193.63Fair range: $150.96 to $248.35The price ($158.60) is 18.1% below that figure.
Chance of a rise in 1 month
50%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $148.98 and $168.94; 9 in 10, between $133.27 and $188.85.
S&P 500 between the same closes (November 5 and November 6): 7,353.73 → 7,421.90 points, +0.93%.
What happened
Walmart reportedly canceled some pre-orders for the Nintendo Switch 2 Legend of Zelda 40th Anniversary Edition, and Target said it will begin taking online orders on November 6 [2][3]. Between the November 5 and November 6 closes, Walmart shares fell 1.45% and Target shares rose 0.41%, a coincidence in time and not a proven link.
Walmart reportedly canceled some pre-orders for the console and is said to be sending $519.99 eGift cards to affected buyers. The report rests on customer emails and press reports rather than a public Walmart statement. The cancellation emails reportedly described the move as being "in error." [2]
The same report describes a second offer, an "Exclusive Reservation" that lets some customers reorder the console. Kotaku is cited as framing it around a 48-hour window. [2]
A retailer guide says finding the console has become difficult, citing bots, surprise Walmart cancellations and Amazon inventory vanishing in seconds. It lists the Nintendo Store and Walmart as out of stock. [1]
Target says it will begin taking Zelda Switch 2 orders online starting November 6, as shown on its product listing page. The Shortcut says it is the only retailer to have announced such a date. [3]
What ATLAS data show
ATLAS model estimates are not promises. For Walmart, the fair value estimate is $48.39 (range $35.30 to $66.35), and the latest close of $125.87 is 160.08% above that value. For Target, the estimate is $193.63 (range $150.96 to $248.35), and the latest close of $158.60 is 18.09% below it. The S&P 500 rose 0.93% between the November 5 and November 6 closes, from 7,353.73 to 7,421.90 points.
Two prices moving around the same time as a news item does not show that one caused the other. The figures come from closing prices on November 5 and November 6 and may change.
What you get with ATLAS
Fair value of each company, with its range, against today's price.
Chance of a rise in 1 month and the normal price range, from a calibrated model.
Earnings: next date, estimated EPS and surprise history.
Dividends and alerts by email when a company reports.
What did Walmart reportedly do with Zelda Switch 2 pre-orders?
It reportedly canceled some pre-orders and is said to be sending $519.99 eGift cards, based on customer emails and press reports rather than a public Walmart statement [2].
When does Target start taking online orders?
Target has said online orders begin November 6, according to its product listing [3].
How did the two stocks move between the closes?
From November 5 to November 6, Walmart fell 1.45% and Target rose 0.41%. This is a coincidence in time, not a stated cause.
Closing prices, fair value, probabilities, earnings and dividends: ATLAS own data as of November 6, 2026. How we calculate fair value.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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