Walmart Stock Sees Mixed Performance Amid Recent Market Activities

As of November 7, 2024, Walmart Inc.’s stock has exhibited a mixed performance in recent trading sessions. After a four-day winning streak, Walmart’s stock underperformed on Wednesday, closing $0.33 below its 52-week high of $83.77, which was reached on November 5th.

The stock concluded the recent trading session at $82.45, marking a 0.32% increase from the previous day’s close. However, on Thursday, the stock opened at $83.44 and saw a slight decline, down 0.3% to $83.44, with a 50-day moving average price of $80.22 and a 200-day moving average price of $71.67.

In terms of investor activity, Cozad Asset Management Inc. reduced its position in Walmart Inc. by 19.0% in the third quarter, selling 10,425 shares and leaving the firm with 44,386 shares valued at $3,584,000. Conversely, Vanguard Group Inc. significantly increased its position in Walmart by 199.4% during the first quarter, now owning 411,745,334 shares valued at $1,353,881,000.

Analysts have maintained a positive outlook on Walmart, with several research reports issuing “buy” and “overweight” ratings. Morgan Stanley, JPMorgan Chase & Co., BMO Capital Markets, and DA Davidson have all raised their target prices for Walmart, reflecting a general consensus of a “Buy” rating and an average price target of $83.89.