Walmart Inc’s recent filing unveils that its 10% Owner WALTON JIM C unloaded Company’s shares for reported $74.22 million on Sep 12 ’24. In the deal valued at $79.46 per share,934,000 shares were sold. As a result of this transaction, WALTON JIM C now holds 610,843,318 shares worth roughly $49.23 billion.
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Then, WALTON ALICE L sold 934,000 shares, generating $74,216,571 in total proceeds. Upon selling the shares at $79.46, the 10% Owner now owns 610,843,318 shares.
Before that, WALTON S ROBSON sold 934,000 shares. Walmart Inc shares valued at $74,216,571 were divested by the 10% Owner at a price of $79.46 per share. As a result of the transaction, WALTON S ROBSON now holds 610,843,318 shares, worth roughly $49.23 billion.
Telsey Advisory Group reiterated its Walmart Inc [WMT] rating to an Outperform in a research note published on August 16, 2024; the price target was $82. Stifel also remained covering WMT and reiterated its “Hold” recommendation on July 02, 2024. Deutsche Bank maintained its rating on July 01, 2024. It rated WMT as “a Buy”.
Price Performance Review of WMT
On Friday, Walmart Inc [NYSE:WMT] saw its stock jump 1.18% to $80.60. Over the last five days, the stock has gained 5.17%. Walmart Inc shares have risen nearly 53.38% since the year began. Nevertheless, the stocks have risen 46.94% over the past one year. While a 52-week high of $79.90 was reached on 09/13/24, a 52-week low of $49.85 was recorded on 01/05/24. SMA at 50 days reached $72.37, while 200 days put it at $62.33.
Levels Of Support And Resistance For WMT Stock
The 24-hour chart illustrates a support level at 79.97, which if violated will result in even more drops to 79.33. On the upside, there is a resistance level at 80.96. A further resistance level may holdings at 81.32. The Relative Strength Index (RSI) on the 14-day chart is 84.16, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.66%. Stochastics %K at 97.10% indicates the stock is a selling.
How much short interest is there in Walmart Inc?
A steep rise in short interest was recorded in Walmart Inc stocks on 2024-08-30, growing by 5.38 million shares to a total of 42.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 37.36 million shares. There was a rise of 12.6%, which implies that there is a positive sentiment for the stock.
