Walmart Inc’s recent filing unveils that its Executive Vice President Rainey John D unloaded Company’s shares for reported $0.25 million on Nov 01 ’24. In the deal valued at $82.12 per share,3,000 shares were sold. As a result of this transaction, Rainey John D now holds 378,165 shares worth roughly $31.85 million.
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Then, McMillon C Douglas sold 29,124 shares, generating $2,411,298 in total proceeds. Upon selling the shares at $82.79, the President and CEO now owns 3,843,929 shares.
Before that, Furner John R. sold 13,125 shares. Walmart Inc shares valued at $1,088,850 were divested by the Executive Vice President at a price of $82.96 per share. As a result of the transaction, Furner John R. now holds 593,040 shares, worth roughly $49.94 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 fall -0.73% to $84.21. Over the last five days, the stock has gained 2.13%. Walmart Inc shares have risen nearly 60.25% since the year began. Nevertheless, the stocks have risen 54.12% over the past one year. While a 52-week high of $85.54 was reached on 11/06/24, a 52-week low of $49.85 was recorded on 01/05/24. SMA at 50 days reached $80.66, while 200 days put it at $68.22.
Levels Of Support And Resistance For WMT Stock
The 24-hour chart illustrates a support level at 83.75, which if violated will result in even more drops to 83.29. On the upside, there is a resistance level at 85.04. A further resistance level may holdings at 85.87. The Relative Strength Index (RSI) on the 14-day chart is 63.72, 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 low at 30.79%. Stochastics %K at 73.03% 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 2024-10-15, 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.
