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 $242,906 were sold by Rainey John D on Oct 01 ’24. At $80.97 per share, Rainey John D sold 3,000 shares. The insider’s holdings dropped to 381,165 shares worth approximately $30.34 million following the completion of this transaction.
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Also, McMillon C Douglas sold 29,124 shares, netting a total of over 2,348,635 in proceeds. Following the sale of shares at $80.64 each, the insider now holds 3,873,053 shares.
Before that, Furner John R. had sold 13,125 shares from its account. In a trade valued at $1,063,650, the Executive Vice President traded Walmart Inc shares for $81.04 each. Upon closing the transaction, the insider’s holdings decreased to 13,125 shares, worth approximately $48.26 million.
As published in a research note from Telsey Advisory Group on October 08, 2024, Walmart Inc [WMT] has been retained to an Outperform and the price target has been revised to $92. Analysts at Truist upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late September. As of August 16, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for WMT.
Analyzing WMT Stock Performance
During the last five days, there has been a drop of approximately -1.02%. Over the course of the year, Walmart Inc shares have jumped approximately 51.49%. Shares of the company reached a 52-week high of $81.60 on 09/25/24 and a 52-week low of $51.87 on 01/05/24. A 50-day SMA is recorded $76.16, while a 200-day SMA reached $65.05. Nevertheless, trading volume fell to 10.64 million shares from 12.41 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 79.27, which, if violated, would cause prices to drop to 78.94. In the upper region, resistance lies at 80.13. The next price resistance is at 80.66. RSI (Relative Strength Index) is 53.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.43, which suggests the price will decrease in the coming days. Percent R is at 75.95%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
