Wal-Mart's most recent trend suggests a bearish bias. One trading opportunity on Wal-Mart is a Bear Call Spread using a strike $155.00 short call and a strike $160.00 long call offers a potential 31.23% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $155.00 by expiration. The full premium credit of $1.19 would be kept by the premium seller. The risk of $3.81 would be incurred if the stock rose above the $160.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Wal-Mart is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Wal-Mart is bearish.
The RSI indicator is at 36.6 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Wal-Mart
Walgreens, CVS, Walmart begin $878 million opioid trial in Ohio
Tue, 10 May 2022 10:08:10 +0000
CVS Health Corp, Walgreens Boots Alliance Inc and Walmart Inc on Tuesday begin a first-of-its-kind trial to determine what the pharmacy chains owe for their role in the opioid epidemic in two Ohio counties, which are seeking $878 million. A federal jury decided in November that the companies helped create a public nuisance with an alleged flood of addictive pain pills that wound up on the black market, in the first trial the companies faced over the crisis. The jury did not decide how much the companies should pay to help alleviate the health crisis, which will now be determined by U.S. District Judge Dan Polster, marking the first trial to separately determine what the pharmacy chains owe after having been found liable.
Walmart (WMT) Gains As Market Dips: What You Should Know
Mon, 09 May 2022 21:45:09 +0000
In the latest trading session, Walmart (WMT) closed at $151.31, marking a +1.17% move from the previous day.
Best Consumer Staples Stocks To Buy In May
Mon, 09 May 2022 16:22:59 +0000
Consumer staples stocks have outperformed the broader market this year amid strong demand for safe-haven assets.
Miami F1 race a big boon for the sport — and for big brands
Mon, 09 May 2022 15:20:36 +0000
While it was a win for Max Verstappen and Red Bull, the Miami GP was also a big win for Formula 1 and its various teams and sponsors, several of which are large, multinational publicly traded companies which are keen to be associated with the growing U.S. F1 audience.
Walmart's (NYSE:WMT) Upcoming Dividend Will Be Larger Than Last Year's
Sun, 08 May 2022 12:15:29 +0000
Walmart Inc.'s ( NYSE:WMT ) dividend will be increasing to US$0.56 on 6th of September. This makes the dividend yield…
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