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 $37.99 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 $31.65 million.
As published in their initiating research note from Bernstein on October 22, 2024, Walmart Inc [WMT] has been an Outperform and the price target has been revised to $95. Analysts at Oppenheimer resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid October. As of October 08, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for WMT. Earlier on September 24, 2024, Truist upgraded its rating. Their new recommendation was “a Buy” for WMT stock which previously was a “a Hold”.
Analyzing WMT Stock Performance
During the last five days, there has been a surge of approximately 2.66%. Over the course of the year, Walmart Inc shares have jumped approximately 58.02%. Shares of the company reached a 52-week high of $83.34 on 10/23/24 and a 52-week low of $51.87 on 01/05/24. A 50-day SMA is recorded $78.82, while a 200-day SMA reached $66.49. Nevertheless, trading volume fell to 11.61 million shares from 13.06 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 82.64, which, if violated, would cause prices to drop to 82.24. In the upper region, resistance lies at 83.38. The next price resistance is at 83.71. RSI (Relative Strength Index) is 64.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.82, which suggests the price will increase in the coming days. Percent R is at 6.88%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
