Walmart Inc’s filing revealed that its Executive Vice President Furner John R. unloaded Company’s shares for reported $1.22 million on Dec 26 ’24. In the deal valued at $92.60 per share,13,125 shares were sold. As a result of this transaction, Furner John R. now holds 566,794 shares worth roughly $51.95 million.
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Then, McMillon C Douglas sold 29,124 shares, generating $2,689,744 in total proceeds. Upon selling the shares at $92.35, the President and CEO now owns 3,785,702 shares.
Before that, Walton Family Holdings Trust sold 3,939,000 shares. Walmart Inc shares valued at $354,951,876 were divested by the 10% Owner at a price of $90.11 per share. As a result of the transaction, Walton Family Holdings Trust now holds 597,050,702 shares, worth roughly $54.73 billion.
KeyBanc Capital Markets reiterated its Walmart Inc [WMT] rating to an Overweight in a research note published on December 11, 2024; the price target was $100. A number of analysts have revised their coverage, including DZ Bank’s analysts, who decreased its forecast for the stock in late November from “a Buy” to “a Hold”. Telsey Advisory Group also remained covering WMT and reiterated its “an Outperform” recommendation on November 20, 2024. Bernstein started covering the stock on October 22, 2024. It rated WMT as “an Outperform”.
Price Performance Review of WMT
On Friday, Walmart Inc [NYSE:WMT] saw its stock fall -1.22% to $91.66. Over the last five days, the stock has lost -1.86%. Walmart Inc shares have risen nearly 74.42% since the year began. Nevertheless, the stocks have risen 74.17% over the past one year. While a 52-week high of $96.18 was reached on 12/06/24, a 52-week low of $51.87 was recorded on 01/05/24. SMA at 50 days reached $88.15, while 200 days put it at $73.55.
Levels Of Support And Resistance For WMT Stock
The 24-hour chart illustrates a support level at 91.01, which if violated will result in even more drops to 90.36. On the upside, there is a resistance level at 92.33. A further resistance level may holdings at 93.00. The Relative Strength Index (RSI) on the 14-day chart is 50.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.88%. Stochastics %K at 48.11% indicates the stock is a holding.
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 14, 2024 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $90.
