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Walmart Inc (WMT) may enjoy gains as insiders got busy in the recent days

Walmart Inc’s filing revealed that 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 $40.77 million.

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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 $33.85 million.

DZ Bank downgraded its Walmart Inc [WMT] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in mid November has reiterated a ‘”an Outperform”‘ rating for it. Bernstein began covering WMT with “an Outperform” recommendation on October 22, 2024. Oppenheimer maintained its rating on October 14, 2024. It rated WMT as “an Outperform”.

Price Performance Review of WMT

On Monday, Walmart Inc [NYSE:WMT] saw its stock fall -1.04% to $89.50. Over the last five days, the stock has gained 6.45%. Walmart Inc shares have risen nearly 70.31% since the year began. Nevertheless, the stocks have risen 72.05% over the past one year. While a 52-week high of $90.91 was reached on 11/25/24, a 52-week low of $49.85 was recorded on 01/05/24. SMA at 50 days reached $82.29, while 200 days put it at $69.75.

Levels Of Support And Resistance For WMT Stock

The 24-hour chart illustrates a support level at 88.72, which if violated will result in even more drops to 87.95. On the upside, there is a resistance level at 90.61. A further resistance level may holdings at 91.73. The Relative Strength Index (RSI) on the 14-day chart is 72.19, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.31%. Stochastics %K at 91.54% indicates the stock is a selling.

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 October 08, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $92.

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