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 $1,120,800,000 were purchased by Jim C. Walton, as trustee of t on Dec 20 ’24. At $93.40 per share, Jim C. Walton, as trustee of t acquired 12,000,000 shares.
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Also, Bartlett Daniel J sold 1,765 shares, netting a total of over 166,845 in proceeds. Following the sale of shares at $94.53 each, the insider now holds 453,758 shares.
Before that, C. Douglas McMillon had added 87,372 shares to its account. In a trade valued at $8,234,811, the Executive Officer bought Walmart Inc shares for $94.25 each.
As published in a research note from KeyBanc Capital Markets on December 11, 2024, Walmart Inc [WMT] has been retained to an Overweight and the price target has been revised to $100. Analysts at DZ Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late November. As of November 20, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for WMT. Earlier on October 22, 2024, Bernstein initiated its rating. Their recommendation was “an Outperform” for WMT stock.
Analyzing WMT Stock Performance
During the last five days, there has been a drop of approximately -3.11%. Over the course of the year, Walmart Inc shares have jumped approximately 75.93%. Shares of the company reached a 52-week high of $96.18 on 12/06/24 and a 52-week low of $51.87 on 01/05/24. A 50-day SMA is recorded $87.72, while a 200-day SMA reached $73.24. Nevertheless, trading volume fell to 8.99 million shares from 25.47 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 91.13, which, if violated, would cause prices to drop to 89.57. In the upper region, resistance lies at 93.46. The next price resistance is at 94.23. RSI (Relative Strength Index) is 53.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.19, which suggests the price will decrease in the coming days. Percent R is at 48.14%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.