Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Walmart Inc shares valued at $277,419 were sold by Rainey John D on Dec 02 ’24. At $92.47 per share, Rainey John D sold 3,000 shares. The insider’s holdings dropped to 375,165 shares worth approximately $35.43 million following the completion of this transaction.
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Also, Moritz Robert Edward Jr. purchased 5,446 shares, netting a total of over 499,997 in proceeds. Following the buying of shares at $91.81 each, the insider now holds 7,805 shares.
Before that, McMillon C Douglas had sold 29,124 shares from its account. In a trade valued at $2,662,994, the President and CEO traded Walmart Inc shares for $91.44 each. Upon closing the transaction, the insider’s holdings decreased to 29,124 shares, worth approximately $360.31 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 3.44%. Over the course of the year, Walmart Inc shares have jumped approximately 79.73%. Shares of the company reached a 52-week high of $94.51 on 12/04/24 and a 52-week low of $51.87 on 01/05/24. A 50-day SMA is recorded $83.90, while a 200-day SMA reached $70.82. Nevertheless, trading volume fell to 16.61 million shares from 0.46 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 93.50, which, if violated, would cause prices to drop to 92.54. In the upper region, resistance lies at 94.96. The next price resistance is at 95.47. RSI (Relative Strength Index) is 81.80 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.16, which suggests the price will increase in the coming days. Percent R is at 0.60%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
