Walmart EVP Sells Nearly 4,000 Shares Amid Stock Price Surge
Walmart EVP Daniel Bartlett sold 3,950 shares of the company's stock on September 1st at an average price of $105.14, totaling $415,303. The transaction represents a 0.63% decrease in his ownership of Walmart stock. After selling the shares, Bartlett directly owned 622,349 shares valued at approximately $65,433,773.
The sale was made under a pre-arranged Rule 10b5-1 trading plan, which allows executives to set a specific schedule for buying and selling company stock in advance. Walmart's (NASDAQ: WMT) stock price has been on the rise, reaching $106.09 on Wednesday, following a 0.17 increase from the previous day.
The company's market capitalization is over $841 billion, with a current ratio of 0.77 and a debt-to-equity ratio of 0.41. Analysts have issued mixed reviews for Walmart, with some upgrading their price targets while others downgraded theirs. Despite this, the stock remains a popular choice among investors.