KD Logo

Walmart Inc (WMT) rating initates by Bernstein

In a filing, Walmart Inc revealed its Executive Vice President Bartlett Daniel J unloaded Company’s shares for reported $0.17 million on Nov 15 ’24. In the deal valued at $84.31 per share,1,970 shares were sold. As a result of this transaction, Bartlett Daniel J now holds 455,523 shares worth roughly $38.3 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Then, Bartlett Daniel J bought 1,970 shares, generating $165,980 in total proceeds.

Before that, Rainey John D sold 3,000 shares. Walmart Inc shares valued at $246,368 were divested by the Executive Vice President at a price of $82.12 per share. As a result of the transaction, Rainey John D now holds 378,165 shares, worth roughly $31.8 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 -0.20% to $84.08. Over the last five days, the stock has lost -0.15%. Walmart Inc shares have risen nearly 60.00% since the year began. Nevertheless, the stocks have risen 61.65% over the past one year. While a 52-week high of $85.79 was reached on 11/13/24, a 52-week low of $49.85 was recorded on 01/05/24. SMA at 50 days reached $81.42, while 200 days put it at $68.95.

Levels Of Support And Resistance For WMT Stock

The 24-hour chart illustrates a support level at 83.54, which if violated will result in even more drops to 83.01. On the upside, there is a resistance level at 84.73. A further resistance level may holdings at 85.39. The Relative Strength Index (RSI) on the 14-day chart is 58.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.42%. Stochastics %K at 66.67% 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 2024-10-31, growing by 0.58 million shares to a total of 31.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 31.12 million shares. There was a rise of 1.83%, which implies that there is a positive 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.

Most Popular