In a filing, Walmart Inc revealed its Executive Vice President Rainey John D unloaded Company’s shares for reported $0.24 million on Oct 01 ’24. In the deal valued at $80.97 per share,3,000 shares were sold. As a result of this transaction, Rainey John D now holds 381,165 shares worth roughly $-30.6 million.
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
Then, McMillon C Douglas sold 29,124 shares, generating $2,348,635 in total proceeds. Upon selling the shares at $80.64, the President and CEO now owns 3,873,053 shares.
Before that, Furner John R. sold 13,125 shares. Walmart Inc shares valued at $1,063,650 were divested by the Executive Vice President at a price of $81.04 per share. As a result of the transaction, Furner John R. now holds 606,165 shares, worth roughly $48.67 million.
Oppenheimer reiterated its Walmart Inc [WMT] rating to an Outperform in a research note published on October 14, 2024; the price target was $90. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early October has reiterated a ‘”an Outperform”‘ rating for it. Truist also remained covering WMT and has increased its forecast on September 24, 2024 with a “Buy” recommendation from previously “Hold” rating. Telsey Advisory Group maintained its rating on August 16, 2024. It rated WMT as “an Outperform”.
Price Performance Review of WMT
On Monday, Walmart Inc [NYSE:WMT] saw its stock jump 0.24% to $80.29. Over the last five days, the stock has gained 1.50%. Walmart Inc shares have risen nearly 52.79% since the year began. Nevertheless, the stocks have risen 51.54% 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 $76.61, while 200 days put it at $65.33.
Levels Of Support And Resistance For WMT Stock
The 24-hour chart illustrates a support level at 79.86, which if violated will result in even more drops to 79.44. On the upside, there is a resistance level at 80.61. A further resistance level may holdings at 80.94. The Relative Strength Index (RSI) on the 14-day chart is 56.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.00%. Stochastics %K at 38.93% 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 2024-09-30, dropping by -11.62 million shares to a total of 31.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 42.74 million shares. There was a decline of -37.35%, which implies that there is a negative sentiment for the stock.
