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 58% of recent trades being bearish and 41% bullish. The targeted price range for Walmart over the last 3 months is $95.0 to $165.0. The current price of WMT is down -0.51% at $163.8. Evercore ISI Group, TD Cowen, Citigroup, and Telsey Advisory Group have maintained or downgraded their ratings on Walmart, with price targets ranging from $177 to $185.
September 18, 2023 | 3:01 pm
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NEGATIVE IMPACT
Bearish stance taken by a significant investor on Walmart. The targeted price range is $95.0 to $165.0. Current price is down -0.51% at $163.8. Ratings maintained or downgraded with price targets from $177 to $185.
The bearish stance taken by a significant investor, along with the current price decrease, suggests a potential short-term negative impact on Walmart's stock. However, the maintained or downgraded ratings from various groups, with price targets still above the current price, indicate that the long-term outlook may still be positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100