The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Walmart Inc shares valued at $180,782 were sold by Rainey John D on Apr 01 ’24. At $60.26 per share, Rainey John D sold 3,000 shares. The insider’s holdings dropped to 524,613 shares worth approximately $31.52 million following the completion of this transaction.
Also, McMillon C Douglas sold 29,124 shares, netting a total of over 1,760,400 in proceeds. Following the sale of shares at $60.45 each, the insider now holds 4,047,767 shares.
Before that, Furner John R. had sold 13,125 shares from its account. In a trade valued at $798,131, the Executive Vice President traded Walmart Inc shares for $60.81 each. Upon closing the transaction, the insider’s holdings decreased to 13,125 shares, worth approximately $38.79 million.
As published in a research note from Telsey Advisory Group on February 21, 2024, Walmart Inc [WMT] has been retained to an Outperform and the price target has been revised to $205. Analysts at HSBC Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. As of August 18, 2023, RBC Capital Mkts has reiterated its “an Outperform” rating for WMT. Earlier on August 11, 2023, Credit Suisse resumed its rating. Their recommendation was “an Outperform” for WMT stock.
Analyzing WMT Stock Performance
During the last five days, there has been a surge of approximately 0.99%. Over the course of the year, Walmart Inc shares have jumped approximately 14.35%. Shares of the company reached a 52-week high of $61.65 on 03/21/24 and a 52-week low of $51.87 on 01/05/24. A 50-day SMA is recorded $59.06, while a 200-day SMA reached $54.61. Nevertheless, trading volume fell to 10.98 million shares from 15.1 million shares the previous day.
Support And Resistance Levels for Walmart Inc (WMT)
According to the 24-hour chart, there is a support level at 59.81, which, if violated, would cause prices to drop to 59.53. In the upper region, resistance lies at 60.63. The next price resistance is at 61.17. RSI (Relative Strength Index) is 52.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 54.27%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Walmart Inc subject to short interest?
Stocks of Walmart Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -4.48 million shares to 33.59 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 38.07 million shares. A decline of -13.34% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.26 of the overall float, the days-to-cover ratio (short ratio) decline to 1.26.
