Wal-Mart Stores (WMT) : Traders are bullish on Wal-Mart Stores (WMT) as it has outperformed the S&P 500 by a wide margin of 2.15% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.11%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.66% in the last 1 week, and is up 0.08% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.18% and the 50-Day Moving Average is 0.26%.The 200 Day SMA reached 8.13% Wal-Mart Stores Inc. is up 3.41% in the last 3-month period. Year-to-Date the stock performance stands at 21.46%.
Wal-Mart Stores (WMT) has been rated by 16 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $86 and the lowest price target forecast is $50. The average forecast of all the analysts is $73.74 and the expected standard deviation is $8.87.
Company shares have received an average consensus rating of Hold for the current week Wal-Mart Stores (NYSE:WMT): The stock opened at $72.32 and touched an intraday high of $72.96 on Friday. During the day, the stock corrected to an intraday low of $72.22, however, the bulls stepped in and pushed the price higher to close in the green at $72.87 with a gain of 0.65% for the day. The total traded volume for the day was 13,935,682. The stock had closed at $72.4 in the previous trading session.
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.