Walmart Inc Daily Price Recap
Walmart Inc entered today at $121.07, down 0.5% ($0.61) from the previous day. This move happened on lower volume, as yesterday’s volume was down 27.8% from the day before — and down 39.03% from the same day the week before. Below is a daily price chart of Walmart Inc.
Walmart Inc Technical Analysis
Notably, Walmart Inc crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 14 days Walmart Inc’s price has gone down 9 them.
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about WMT:
$PRTS US Auto Parts will eventually be acquired. Here is a list of potential buyers of the company.
#1 Amazon $AMZN – right now Amazon has a bunch of third party resellers for auto parts. Since PRTS has manufacturing and distribution it would make Amazon Auto a leader in online auto parts.
#2 Walmart $WMT – Walmart and even Target or Costco could acquire PRTS to be a leader in online auto parts.
#3 $AZO Auto Zone, AAP or ORLY could enhance their online auto parts sales by acquiring PRTS.
#4 it could even be a foreign company wanting to expand into the US like AutohausAZ.
Bottom line: people will continue to buy more and more items online because of lower prices and convenience with 2 or even 1 day shipping. PRTS will be acquired because cofounders Nia and Khazani have been here for 20 years and want to cash out!