This Is What Whales Are Betting On Walmart
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Walmart (NYSE:WMT), with 53% of recent trades being bearish and 46% bullish. The targeted price range for Walmart over the last 3 months has been $80.0 to $175.0. The current price of WMT is $164.0, up 0.14%, and RSI indicators suggest the stock may be approaching overbought. Analysts from Truist Securities, Citigroup, Stifel, Baird, and Goldman Sachs have maintained their ratings on Walmart, with price targets ranging from $167 to $182.
September 11, 2023 | 6:31 pm
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NEGATIVE IMPACT
A significant investor has taken a bearish stance on Walmart. The current price of WMT is $164.0, up 0.14%. Analysts have maintained their ratings on Walmart, with price targets ranging from $167 to $182.
The bearish stance taken by a significant investor, along with the fact that 53% of recent trades have been bearish, could potentially drive the price down in the short term. However, the maintained ratings and price targets by analysts suggest a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100