Walmart Inc’s recently made public that its Executive Vice President Bartlett Daniel J unloaded Company’s shares for reported $0.17 million on Oct 15 ’24. In the deal valued at $80.69 per share,2,065 shares were sold. As a result of this transaction, Bartlett Daniel J now holds 457,493 shares worth roughly $36.97 million.
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Then, Bartlett Daniel J bought 2,065 shares, generating $166,512 in total proceeds.
Before that, Rainey John D sold 3,000 shares. Walmart Inc shares valued at $242,906 were divested by the Executive Vice President at a price of $80.97 per share. As a result of the transaction, Rainey John D now holds 381,165 shares, worth roughly $30.8 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 fall -0.61% to $80.81. Over the last five days, the stock has gained 0.65%. Walmart Inc shares have risen nearly 53.78% since the year began. Nevertheless, the stocks have risen 50.79% over the past one year. While a 52-week high of $81.82 was reached on 10/15/24, a 52-week low of $49.85 was recorded on 01/05/24. SMA at 50 days reached $77.97, while 200 days put it at $66.04.
Levels Of Support And Resistance For WMT Stock
The 24-hour chart illustrates a support level at 80.50, which if violated will result in even more drops to 80.20. On the upside, there is a resistance level at 81.33. A further resistance level may holdings at 81.86. The Relative Strength Index (RSI) on the 14-day chart is 56.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.57%. Stochastics %K at 71.24% 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.
