Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Walmart Inc shares valued at $177,248 were sold by Rainey John D on May 01 ’24. At $59.08 per share, Rainey John D sold 3,000 shares. The insider’s holdings dropped to 521,613 shares worth approximately $31.53 million following the completion of this transaction.
Also, McMillon C Douglas sold 29,124 shares, netting a total of over 1,748,325 in proceeds. Following the sale of shares at $60.03 each, the insider now holds 4,018,650 shares.
Before that, Rainey John D had sold 3,000 shares from its account. In a trade valued at $180,782, the Executive Vice President traded Walmart Inc shares for $60.26 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $31.71 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 1.22%. Over the course of the year, Walmart Inc shares have jumped approximately 15.01%. 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 $60.11, while a 200-day SMA reached $55.39. Nevertheless, trading volume fell to 14.03 million shares from 11.02 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 60.07, which, if violated, would cause prices to drop to 59.69. In the upper region, resistance lies at 60.70. The next price resistance is at 60.95. RSI (Relative Strength Index) is 55.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.55, which suggests the price will decrease in the coming days. Percent R is at 17.69%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
