Walmart Inc’s filing revealed that its President and CEO McMillon C Douglas unloaded Company’s shares for reported $2.35 million on Sep 26 ’24. In the deal valued at $80.64 per share,29,124 shares were sold. As a result of this transaction, McMillon C Douglas now holds 3,873,053 shares worth roughly $312.75 million.
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Then, Furner John R. sold 13,125 shares, generating $1,063,650 in total proceeds. Upon selling the shares at $81.04, the Executive Vice President now owns 606,165 shares.
Before that, Furner John R. bought 39,375 shares. Walmart Inc shares valued at $3,190,950 were divested by the Officer at a price of $81.04 per share.
Truist upgraded its Walmart Inc [WMT] rating to a Buy from a a Hold in a research note published on September 24, 2024; the price target was increased to $89 from $76. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in mid August has reiterated a ‘”an Outperform”‘ rating for it. Stifel maintained its rating on July 02, 2024. It rated WMT as “a Hold”.
Price Performance Review of WMT
On Monday, Walmart Inc [NYSE:WMT] saw its stock jump 1.22% to $80.75. Over the last five days, the stock has gained 0.52%. Walmart Inc shares have risen nearly 53.66% since the year began. Nevertheless, the stocks have risen 49.04% over the past one year. While a 52-week high of $81.60 was reached on 09/25/24, a 52-week low of $49.85 was recorded on 01/05/24. SMA at 50 days reached $74.50, while 200 days put it at $63.90.
Levels Of Support And Resistance For WMT Stock
The 24-hour chart illustrates a support level at 80.09, which if violated will result in even more drops to 79.44. On the upside, there is a resistance level at 81.17. A further resistance level may holdings at 81.60. The Relative Strength Index (RSI) on the 14-day chart is 64.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.68%. Stochastics %K at 68.10% indicates the stock is a holding.
How much short interest is there in Walmart Inc?
A steep rise in short interest was recorded in Walmart Inc stocks on 2024-09-13, growing by 4.24 million shares to a total of 44.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 40.14 million shares. There was a rise of 9.55%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 01, 2024 when Deutsche Bank resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $77.
