The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Walmart Inc shares valued at $3,754,234 were sold by Rainey John D on Feb 03 ’25. At $98.80 per share, Rainey John D sold 38,000 shares. The insider’s holdings dropped to 257,281 shares worth approximately $26.36 million following the completion of this transaction.
Also, John D. Rainey purchased 80,400 shares, netting a total of over 7,892,064 in proceeds.
Before that, Furner John R. had sold 13,125 shares from its account. In a trade valued at $1,220,100, the Executive Vice President traded Walmart Inc shares for $92.96 each. Upon closing the transaction, the insider’s holdings decreased to 13,125 shares, worth approximately $58.26 million.
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 surge of approximately 5.09%. Over the course of the year, Walmart Inc shares have jumped approximately 13.40%. Shares of the company reached a 52-week high of $102.58 on 02/05/25 and a 52-week low of $89.52 on 01/02/25. A 50-day SMA is recorded $93.53, while a 200-day SMA reached $77.78. Nevertheless, trading volume fell to 15.9 million shares from 15.2 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 101.14, which, if violated, would cause prices to drop to 99.82. In the upper region, resistance lies at 103.18. The next price resistance is at 103.90. RSI (Relative Strength Index) is 79.72 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.50, which suggests the price will increase in the coming days. Percent R is at 0.96%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
