Walmart Inc’s recently made public that its President and CEO McMillon C Douglas unloaded Company’s shares for reported $2.41 million on Oct 24 ’24. In the deal valued at $82.79 per share,29,124 shares were sold. As a result of this transaction, McMillon C Douglas now holds 3,843,929 shares worth roughly $318.09 million.
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Then, Furner John R. sold 13,125 shares, generating $1,088,850 in total proceeds. Upon selling the shares at $82.96, the Executive Vice President now owns 593,040 shares.
Before that, Bartlett Daniel J sold 2,065 shares. Walmart Inc shares valued at $166,625 were divested by the Executive Vice President at a price of $80.69 per share. As a result of the transaction, Bartlett Daniel J now holds 457,493 shares, worth roughly $37.86 million.
Bernstein initiated its Walmart Inc [WMT] rating to an Outperform in a research note published on October 22, 2024; the price target was $95. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in mid October has reiterated a ‘”an Outperform”‘ rating for it. Telsey Advisory Group also remained covering WMT and reiterated its “an Outperform” recommendation on October 08, 2024. Truist revised its rating on September 24, 2024. It rated WMT as “a Buy” which previously was an “a Hold”.
Price Performance Review of WMT
On Monday, Walmart Inc [NYSE:WMT] saw its stock jump 0.29% to $82.75. Over the last five days, the stock has gained 2.40%. Walmart Inc shares have risen nearly 57.47% since the year began. Nevertheless, the stocks have risen 53.46% over the past one year. While a 52-week high of $83.34 was reached on 10/23/24, a 52-week low of $49.85 was recorded on 01/05/24. SMA at 50 days reached $79.20, while 200 days put it at $66.78.
Levels Of Support And Resistance For WMT Stock
The 24-hour chart illustrates a support level at 82.45, which if violated will result in even more drops to 82.16. On the upside, there is a resistance level at 83.06. A further resistance level may holdings at 83.38. The Relative Strength Index (RSI) on the 14-day chart is 62.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.86%. Stochastics %K at 86.27% indicates the stock is a selling.
How much short interest is there in Walmart Inc?
A steep rise in short interest was recorded in Walmart Inc stocks on 2024-10-15, dropping by -11.87 million shares to a total of 32.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 44.37 million shares. There was a decline of -36.5%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 16, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $82.
