In a filing, Walmart Inc revealed its Executive Vice President Rainey John D unloaded Company’s shares for reported $0.18 million on Apr 01 ’24. In the deal valued at $60.26 per share,3,000 shares were sold. As a result of this transaction, Rainey John D now holds 524,613 shares worth roughly $31.36 million.
Then, McMillon C Douglas sold 29,124 shares, generating $1,760,400 in total proceeds. Upon selling the shares at $60.45, the President and CEO now owns 4,047,767 shares.
Before that, Furner John R. sold 13,125 shares. Walmart Inc shares valued at $798,131 were divested by the Executive Vice President at a price of $60.81 per share. As a result of the transaction, Furner John R. now holds 645,517 shares, worth roughly $38.59 million.
Telsey Advisory Group reiterated its Walmart Inc [WMT] rating to an Outperform in a research note published on February 21, 2024; the price target was $205. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. RBC Capital Mkts also remained covering WMT and reiterated its “an Outperform” recommendation on August 18, 2023. Credit Suisse maintained its rating on August 11, 2023. It rated WMT as “an Outperform”.
Price Performance Review of WMT
On Monday, Walmart Inc [NYSE:WMT] saw its stock fall -0.12% to $59.78. Over the last five days, the stock has lost -0.37%. Walmart Inc shares have risen nearly 13.76% since the year began. Nevertheless, the stocks have risen 19.82% over the past one year. While a 52-week high of $61.65 was reached on 03/21/24, a 52-week low of $48.34 was recorded on 01/05/24. SMA at 50 days reached $58.75, while 200 days put it at $54.48. A total of 11.07 million shares were traded, compared to the trading of 2.35 million shares in the previous session.
Levels Of Support And Resistance For WMT Stock
The 24-hour chart illustrates a support level at 59.45, which if violated will result in even more drops to 59.13. On the upside, there is a resistance level at 60.07. A further resistance level may holdings at 60.37. The Relative Strength Index (RSI) on the 14-day chart is 50.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.57%. Stochastics %K at 29.91% indicates the stock is a holding.
How much short interest is there in Walmart Inc?
A steep rise in short interest was recorded in Walmart Inc stocks on Mar 15, 2024, dropping by -4.48 million shares to a total of 33.59 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 38.07 million shares. There was a decline of -13.34%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.79% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.26.
The most recent change occurred on August 09, 2023 when Wells Fargo resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $175.
