Wal-Mart Stores (NYSE:WMT) has tumbled 0.27% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.56% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.93% and the outperformance has advanced to 0.63% for the last 4 weeks period.
Wal-Mart Stores (NYSE:WMT): The stock opened at $71.05 on Friday but the bulls could not build on the opening and the stock topped out at $71.31 for the day. The stock traded down to $70.40 during the day, due to lack of any buying support eventually closed down at $70.95 with a loss of -0.49% for the day. The stock had closed at $71.30 on the previous day. The total traded volume was 18,059,297 shares.
The company shares have dropped -2.46% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $74.14 and the one year low was seen on Nov 13, 2015. The 50-Day Moving Average price is $69.10 and the 200 Day Moving Average price is recorded at $66.10.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP) of Wal Mart Stores Inc, Ford Rollin L. had sold 740 shares worth of $50,061 in a transaction dated February 25, 2016. In this transaction, 740 shares were sold at $67.65 per share.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Jefferies upgrades the rating on Wal-Mart Stores (NYSE:WMT). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Hold. The Analysts at the ratings agency raises the price target from $60 per share to $82 per share. The rating by the firm was issued on June 6, 2016. Currently the company Insiders own 51.55% of Wal-Mart Stores shares according to the proxy statements. Institutional Investors own 31.1% of Wal-Mart Stores shares. During last six month period, the net percent change held by insiders has seen a change of -9.78%.
Wal-Mart Stores, Inc. is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Companys operations are conducted in three segments: Walmart U.S., Walmart International and Sams Club. The Walmart U.S. segment operates retail stores in all 50 states in the United States, Washington D.C. and Puerto Rico, with three primary store formats, as well as digital retail. The Walmart International segment consists of operations in 26 countries outside of the United States and includes numerous formats divided into three main categories: retail, wholesale and other. The Sams Club consists of membership-only warehouse clubs and operates in 48 states in the United States and in Puerto Rico, as well as digital retail.