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 $2,411,298 were sold by McMillon C Douglas on Oct 24 ’24. At $82.79 per share, McMillon C Douglas sold 29,124 shares. The insider’s holdings dropped to 3,843,929 shares worth approximately $315.01 million following the completion of this transaction.
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Also, Furner John R. sold 13,125 shares, netting a total of over 1,088,850 in proceeds. Following the sale of shares at $82.96 each, the insider now holds 593,040 shares.
Before that, Bartlett Daniel J had sold 2,065 shares from its account. In a trade valued at $166,625, the Executive Vice President traded Walmart Inc shares for $80.69 each. Upon closing the transaction, the insider’s holdings decreased to 2,065 shares, worth approximately $37.49 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 drop of approximately -1.31%. Over the course of the year, Walmart Inc shares have jumped approximately 55.95%. 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 $79.63, while a 200-day SMA reached $67.19. Nevertheless, trading volume fell to 15.5 million shares from 9.27 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 81.30, which, if violated, would cause prices to drop to 80.65. In the upper region, resistance lies at 82.52. The next price resistance is at 83.09. RSI (Relative Strength Index) is 56.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 38.83%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
