Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Walmart Inc shares valued at $207,569 were sold by Rainey John D on Aug 01 ’24. At $69.19 per share, Rainey John D sold 3,000 shares. The insider’s holdings dropped to 387,165 shares worth approximately $26.58 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Furner John R. sold 13,125 shares, netting a total of over 926,625 in proceeds. Following the sale of shares at $70.60 each, the insider now holds 632,415 shares.
Before that, McMillon C Douglas had sold 29,124 shares from its account. In a trade valued at $2,056,521, the President and CEO traded Walmart Inc shares for $70.61 each. Upon closing the transaction, the insider’s holdings decreased to 29,124 shares, worth approximately $269.92 million.
Analysts at Stifel resumed the stock at ‘”a Hold”‘ outlook in a report released in early July. As of July 01, 2024, Deutsche Bank has reiterated its “Buy” rating for WMT. Earlier on June 10, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for WMT stock which previously was a “a Neutral”.
Analyzing WMT Stock Performance
During the last five days, there has been a surge of approximately 2.62%. Over the course of the year, Walmart Inc shares have jumped approximately 30.66%. Shares of the company reached a 52-week high of $71.33 on 07/19/24 and a 52-week low of $51.87 on 01/05/24. A 50-day SMA is recorded $68.54, while a 200-day SMA reached $59.97. Nevertheless, trading volume fell to 22.43 million shares from 26.56 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 68.08, which, if violated, would cause prices to drop to 67.49. In the upper region, resistance lies at 69.02. The next price resistance is at 69.37. RSI (Relative Strength Index) is 50.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 44.18%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
