Wal-Mart Stores (WMT) : Fridays money flow data in Wal-Mart Stores (WMT) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $34.97 million, whereas, $32.04 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.09, in favor of the bulls. The total money flow into the stock was $2.93 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $7.61 million. The total value of block trades done on upticks was $7.61 million. Wal-Mart Stores (WMT) fell $0.01 and traded at $73.52, down -0.01% for the day, over previous days close. On a weekly basis, the shares are -0.21% over the previous weeks close.
Wal-Mart Stores (WMT) stock is expected to deviate a maximum of $7.83 from the average target price of $70.5 for the short term period. 16 Street Experts have initiated coverage on the stock with the most promising target being $85 and the most muted being $50.
Wal-Mart Stores (NYSE:WMT): stock turned positive on Friday. Though the stock opened at $73.76, the bulls momentum made the stock top out at $73.91 level for the day. The stock recorded a low of $73.42 and closed the trading day at $73.55, in the green by 0.04%. The total traded volume for the day was 4,316,633. The stock had closed at $73.52 in the previous days trading.
In a related news, The Securities and Exchange Commission has divulged that Brewer Rosalind G, Officer (Executive Vice President) of WAL MART STORES INC, had unloaded 10,794 shares at an average price of $71.65 in a transaction dated on June 29, 2016. The total value of the transaction was worth $773,390.
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.