Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Walmart Inc shares valued at $166,500 were sold by Bartlett Daniel J on Aug 15 ’24. At $74.00 per share, Bartlett Daniel J sold 2,250 shares. The insider’s holdings dropped to 461,621 shares worth approximately $34.73 million following the completion of this transaction.
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Also, Bartlett Daniel J purchased 2,250 shares, netting a total of over 166,378 in proceeds.
Before that, Rainey John D had sold 3,000 shares from its account. In a trade valued at $207,569, the Executive Vice President traded Walmart Inc shares for $69.19 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $29.13 million.
As published in a research note from Telsey Advisory Group on August 16, 2024, Walmart Inc [WMT] has been retained to an Outperform and the price target has been revised to $82. As of July 02, 2024, Stifel has reiterated its “Hold” rating for WMT. Earlier on July 01, 2024, Deutsche Bank resumed its rating. Their recommendation was “a Buy” for WMT stock.
Analyzing WMT Stock Performance
During the last five days, there has been a surge of approximately 9.58%. Over the course of the year, Walmart Inc shares have jumped approximately 43.18%. Shares of the company reached a 52-week high of $75.58 on 08/21/24 and a 52-week low of $51.87 on 01/05/24. A 50-day SMA is recorded $69.27, while a 200-day SMA reached $60.46. Nevertheless, trading volume fell to 13.73 million shares from 14.43 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 74.69, which, if violated, would cause prices to drop to 74.15. In the upper region, resistance lies at 75.68. The next price resistance is at 76.13. RSI (Relative Strength Index) is 74.74 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.36, which suggests the price will increase in the coming days. Percent R is at 3.82%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
