Monster Insider Trading Warning for Walmart Stock

Walmart (NYSE: WMT) is the company with the most insider selling. Its insiders have already sold billions of dollars worth of WMT shares in 2024, and the trend continues, as evidenced by the latest insider sale.

On May 24, Samuel Robson Walton, former CEO and heir to the Walmart fortune, sold 2,114,161 WMT shares valued at $137.8 million at an average selling price of $65.19 per share.

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

Interestingly, Robson still holds a significant majority of the shares, and these sales did not even represent 1% of his shares, as his stake is 45.34% of the total WMT shareholding.

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

In fact, one of the most active insider traders in 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 just $12 million worth of WMT shares in 2024.

Coincidentally, there have been no purchases of WMT stock in the last 12 months; there have been 59 sales during that period, with 32,352,487 WMT shares sold in the last 365 days.

Walmart Stock Price Chart

Despite insider selling, WMT shares have seen solid gains over the previous period, pushing their price to $64.89, following a 0.67% increase in the last five days and 7.97% in the last month.

On a larger scale, WMT shares have gained 22.49% in value since the beginning of 2024.

This suggests that the insider trading was probably carried out solely for profit reasons and had no impact on the future performance of WMT shares.

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