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Monster insider trading alert for Walmart stock

Monster insider trading alert for Walmart stock
Elmaz Sabovic

Out of the companies experiencing heavy insider selling activity, Walmart (NYSE: WMT) is at the top. Its insiders already offloaded billions of dollars worth of WMT shares in 2024, and the trend is still going strong, as noted by the most recent insider sale.

Namely, on May 24, Samuel Robson Walton, former chairman and heir to the Walmart fortune, sold 2,114,161 WMT shares worth $137.8 million at an average sale price of $65.19 per share.

WMT stock insider sale by Robson. Source: Yahoo Finance
WMT stock insider sale by Robson. Source: Yahoo Finance

Additionally, on May 17, Robson sold 3,540,250 WMT shares for a profit of $228.5 million at an average price of $64.55. 

Interestingly, Robson still holds a significant majority of shares, and these sales didn’t comprise even 1% of his shares held, as his ownership stands at 45.34% of total WMT stock.

Walton sold almost $2 billion worth of WMT shares in 2024

Indeed, one of the most active insider traders from the S&P 500 companies, ‘Rob’ Walton, has already sold over 13 million shares worth $1.8 billion this year.

He is followed by other executives, such as CEO Doug McMillon, CLO Rachel L. Brand, and Timothy Patrick Flynn, who sold only $12 million worth of WMT stock in 2024.

Coincidentally, there have been no buys of WMT stock in the last 12 months, with 59 sales over this period for 32,352,487 WMT shares sold over the past 365 days.

Comparison between insider buys and sales of WMT stock. Source: Barchart
Comparison between insider buys and sales of WMT stock. Source: Barchart

Walmart stock price chart

Despite insider sales, WMT stock has notched solid gains in the previous period, taking its price to $64.89 after progress of 0.67% in the past five days and 7.97% in the past month.

On a larger scale, WMT shares added 22.49% to their value since 2024 started.

WMT stock YTD price chart. Source: Finbold
WMT stock YTD price chart. Source: Finbold

This indicates that insider trades were probably motivated purely by profit, without any implications for the future performance of WMT stock.

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