Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Walmart Inc shares valued at $246,368 were sold by Rainey John D on Nov 01 ’24. At $82.12 per share, Rainey John D sold 3,000 shares. The insider’s holdings dropped to 378,165 shares worth approximately $31.71 million following the completion of this transaction.
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Also, McMillon C Douglas sold 29,124 shares, netting a total of over 2,411,298 in proceeds. Following the sale of shares at $82.79 each, the insider now holds 3,843,929 shares.
Before that, Furner John R. had sold 13,125 shares from its account. In a trade valued at $1,088,850, the Executive Vice President traded Walmart Inc shares for $82.96 each. Upon closing the transaction, the insider’s holdings decreased to 13,125 shares, worth approximately $49.73 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 2.32%. Over the course of the year, Walmart Inc shares have jumped approximately 59.56%. Shares of the company reached a 52-week high of $85.54 on 11/06/24 and a 52-week low of $51.87 on 01/05/24. A 50-day SMA is recorded $80.35, while a 200-day SMA reached $67.92. Nevertheless, trading volume fell to 12.35 million shares from 19.97 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 83.38, which, if violated, would cause prices to drop to 82.92. In the upper region, resistance lies at 84.35. The next price resistance is at 84.86. RSI (Relative Strength Index) is 64.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.15, which suggests the price will increase in the coming days. Percent R is at 35.06%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
