Wal-Mart Stores (WMT) has been under a strong bear grip, hence the stock is down -2.53% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.65% in the past 1 week. The stock has risen by 1.08% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.11% in the past 4 weeks.
Wal-Mart Stores (NYSE:WMT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.46 and $73.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $73.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $73.76, notching a gain of 0.63% for the day. The total traded volume was 5,415,442 . The stock had closed at $73.30 on the previous day.
The stock has recorded a 20-day Moving Average of 0.31% and the 50-Day Moving Average is 1.98%. Wal-Mart Stores Inc. is up 8.86% in the last 3-month period. Year-to-Date the stock performance stands at 22.1%.
Wal-Mart Stores (WMT) : The most positive equity analysts on Wal-Mart Stores (WMT) expects the shares to touch $85, whereas, the least positive believes that the stock will trade at $50 in the short term. The company is covered by 16 Wall Street Brokerage Firms. The average price target for shares are $71.44 with an expected fluctuation of $7.9 from the mean.
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.