In a filing, Walmart Inc revealed its Executive Vice President Rainey John D unloaded Company’s shares for reported $0.28 million on Dec 02 ’24. In the deal valued at $92.47 per share,3,000 shares were sold. As a result of this transaction, Rainey John D now holds 375,165 shares worth roughly $35.9 million.
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Then, Moritz Robert Edward Jr. bought 5,446 shares, generating $499,997 in total proceeds. Upon buying the shares at $91.81, the Director now owns 7,805 shares.
Before that, McMillon C Douglas sold 29,124 shares. Walmart Inc shares valued at $2,662,994 were divested by the President and CEO at a price of $91.44 per share. As a result of the transaction, McMillon C Douglas now holds 3,814,805 shares, worth roughly $365.08 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 Friday, Walmart Inc [NYSE:WMT] saw its stock jump 0.42% to $95.70. Over the last five days, the stock has gained 3.46%. Walmart Inc shares have risen nearly 82.11% since the year began. Nevertheless, the stocks have risen 86.38% over the past one year. While a 52-week high of $95.60 was reached on 12/06/24, a 52-week low of $49.85 was recorded on 01/05/24. SMA at 50 days reached $84.49, while 200 days put it at $71.20.
Levels Of Support And Resistance For WMT Stock
The 24-hour chart illustrates a support level at 95.29, which if violated will result in even more drops to 94.89. On the upside, there is a resistance level at 96.14. A further resistance level may holdings at 96.59. The Relative Strength Index (RSI) on the 14-day chart is 83.72, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.83%. Stochastics %K at 97.68% 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.
