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 $166,625 were sold by Bartlett Daniel J on Oct 15 ’24. At $80.69 per share, Bartlett Daniel J sold 2,065 shares. The insider’s holdings dropped to 457,493 shares worth approximately $37.01 million following the completion of this transaction.
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Also, Bartlett Daniel J purchased 2,065 shares, netting a total of over 166,512 in proceeds.
Before that, Rainey John D had sold 3,000 shares from its account. In a trade valued at $242,906, the Executive Vice President traded Walmart Inc shares for $80.97 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $30.83 million.
As published in a research note from Oppenheimer on October 14, 2024, Walmart Inc [WMT] has been retained to an Outperform and the price target has been revised to $90. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in early October. As of September 24, 2024, Truist has increased its “Hold” rating to a “Buy” for WMT. Earlier on August 16, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for WMT stock.
Analyzing WMT Stock Performance
During the last five days, there has been a surge of approximately 1.61%. Over the course of the year, Walmart Inc shares have jumped approximately 53.93%. Shares of the company reached a 52-week high of $81.82 on 10/15/24 and a 52-week low of $51.87 on 01/05/24. A 50-day SMA is recorded $77.44, while a 200-day SMA reached $65.75. Nevertheless, trading volume fell to 9.13 million shares from 11.12 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 80.52, which, if violated, would cause prices to drop to 80.16. In the upper region, resistance lies at 81.38. The next price resistance is at 81.87. RSI (Relative Strength Index) is 57.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.77, which suggests the price will decrease in the coming days. Percent R is at 32.75%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
