Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Walmart Inc shares valued at $1,215,375 were sold by Furner John R. on Dec 26 ’24. At $92.60 per share, Furner John R. sold 13,125 shares. The insider’s holdings dropped to 566,794 shares worth approximately $51.21 million following the completion of this transaction.
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Also, McMillon C Douglas sold 29,124 shares, netting a total of over 2,689,744 in proceeds. Following the sale of shares at $92.35 each, the insider now holds 3,785,702 shares.
Before that, Walton Family Holdings Trust had sold 3,939,000 shares from its account. In a trade valued at $354,951,876, the 10% Owner traded Walmart Inc shares for $90.11 each. Upon closing the transaction, the insider’s holdings decreased to 3,939,000 shares, worth approximately $53.94 billion.
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
Over the course of the year, Walmart Inc shares have jumped approximately 71.93%. 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 $88.53, while a 200-day SMA reached $73.84. Nevertheless, trading volume fell to 11.07 million shares from 11.3 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 89.96, which, if violated, would cause prices to drop to 89.56. In the upper region, resistance lies at 90.84. The next price resistance is at 91.33. RSI (Relative Strength Index) is 45.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.08, which suggests the price will decrease in the coming days. Percent R is at 79.38%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
