Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Walmart Inc shares valued at $166,088 were sold by Bartlett Daniel J on Nov 15 ’24. At $84.31 per share, Bartlett Daniel J sold 1,970 shares. The insider’s holdings dropped to 455,523 shares worth approximately $40.26 million following the completion of this transaction.
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Also, Bartlett Daniel J purchased 1,970 shares, netting a total of over 165,980 in proceeds.
Before that, Rainey John D had sold 3,000 shares from its account. In a trade valued at $246,368, the Executive Vice President traded Walmart Inc shares for $82.12 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $33.43 million.
As published in a research note from DZ Bank on November 21, 2024, Walmart Inc [WMT] has been rated down from a Buy to a Hold and the price target has been revised to $91. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid November. As of October 22, 2024, Bernstein has initiated its “an Outperform” rating for WMT. Earlier on October 14, 2024, Oppenheimer resumed its rating. Their recommendation was “an Outperform” for WMT stock.
Analyzing WMT Stock Performance
During the last five days, there has been a surge of approximately 4.64%. Over the course of the year, Walmart Inc shares have jumped approximately 68.20%. Shares of the company reached a 52-week high of $88.64 on 11/21/24 and a 52-week low of $51.87 on 01/05/24. A 50-day SMA is recorded $81.91, while a 200-day SMA reached $69.41. Nevertheless, trading volume fell to 18.71 million shares from 18.18 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 87.33, which, if violated, would cause prices to drop to 86.28. In the upper region, resistance lies at 89.04. The next price resistance is at 89.70. RSI (Relative Strength Index) is 73.83 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.54, which suggests the price will increase in the coming days. Percent R is at 3.77%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
