Walmart Sees Surge in Call Option Buying Amid Bullish Sentiment
Walmart Inc. (NASDAQ: WMT) experienced a surge in call option buying on Tuesday, with investors purchasing 267,098 call options. This volume marked a 99% increase from the average daily volume of 134,432 call options, indicating significant bullish sentiment.
During Tuesday's trading, Walmart's stock rose by $1.67, reaching $106.74. The trading volume was 8,186,002 shares, below its average volume of 25,240,744. The company's financial ratios include a current ratio of 0.77, a quick ratio of 0.23, and a debt-to-equity ratio of 0.41. Walmart's stock has a 12-month low of $98.88 and a high of $135.15, with a market cap of $846.86 billion.
Walmart reported its quarterly earnings on August 20th, with an earnings per share (EPS) of $0.81, surpassing the consensus estimate of $0.74. The company's revenue for the quarter was $187.94 billion, up 5.9% year-over-year. Analysts have given Walmart a Moderate Buy rating, with an average price target of $131.74.
In insider trading news, CEO John Furner sold 13,125 shares on September 17th at an average price of $106.66, totaling $1,399,912.50. EVP Daniel Bartlett sold 3,990 shares on October 1st at an average price of $104.41, totaling $416,595.90. Both transactions were executed under pre-arranged Rule 10b5-1 trading plans.