Large Inflow of Money Detected in Wal-Mart Stores

Wal-Mart Stores (WMT) : Wal-Mart Stores (WMT) had a healthy money flow of $19.36 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $63.47 million, whereas, investors only sold shares worth $44.1 million on downticks. The stock closed the day with an up-down ratio of 1.44.The money flow in the block trades to the tune of $16.16 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $17.65 million worth of transactions were on upticks. A paltry $1.5 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 11.79. Wal-Mart Stores (WMT) stock slid $0.06 intraday and traded at 71.35, a change of -0.08% over previous days close. However, for the week, the company shares are 0.29% compared to previous weeks close.


Also, Brokerage firm BMO Capital maintains its rating on Wal-Mart Stores (NYSE:WMT). As per the latest information, the brokerage house raises the price target to $72.81 per share from a prior target of $67. The shares have been rated Underperform. The rating by the firm was issued on August 22, 2016.

Wal-Mart Stores Inc. has lost 0.92% in the last five trading days and dropped 2.69% in the last 4 weeks. Wal-Mart Stores Inc. is up 1.84% in the last 3-month period. Year-to-Date the stock performance stands at 18.86%.

Wal-Mart Stores (NYSE:WMT): The stock opened at $71.76 on Tuesday but the bulls could not build on the opening and the stock topped out at $71.76 for the day. The stock traded down to $71.15 during the day, due to lack of any buying support eventually closed down at $71.31 with a loss of -0.13% for the day. The stock had closed at $71.40 on the previous day. The total traded volume was 5,774,180 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.