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Walmart Inc [WMT] Records 200-Day SMA of $57.68

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 $1,728,485 were sold by Rainey John D on Jul 01 ’24. At $67.58 per share, Rainey John D sold 25,578 shares. The insider’s holdings dropped to 390,165 shares worth approximately $26.62 million following the completion of this transaction.

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Also, McMillon C Douglas sold 29,124 shares, netting a total of over 1,991,648 in proceeds. Following the sale of shares at $68.39 each, the insider now holds 3,960,402 shares.

Before that, Furner John R. had sold 13,125 shares from its account. In a trade valued at $895,125, the Executive Vice President traded Walmart Inc shares for $68.20 each. Upon closing the transaction, the insider’s holdings decreased to 13,125 shares, worth approximately $44.04 million.

As published in a research note from Stifel on July 02, 2024, Walmart Inc [WMT] has been retained to a Hold and the price target has been revised to $71. Analysts at Deutsche Bank resumed the stock at ‘”a Buy”‘ outlook in a report released in early July. As of June 10, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for WMT. Earlier on May 17, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for WMT stock.

Analyzing WMT Stock Performance

During the last five days, there has been a drop of approximately -0.10%. Over the course of the year, Walmart Inc shares have jumped approximately 29.82%. Shares of the company reached a 52-week high of $69.04 on 06/24/24 and a 52-week low of $51.87 on 01/05/24. A 50-day SMA is recorded $64.29, while a 200-day SMA reached $57.68. Nevertheless, trading volume fell to 6.29 million shares from 9.44 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 67.82, which, if violated, would cause prices to drop to 67.41. In the upper region, resistance lies at 68.45. The next price resistance is at 68.67. RSI (Relative Strength Index) is 62.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.17, which suggests the price will decrease in the coming days. Percent R is at 25.88%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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