Wal-Mart Stores (NYSE:WMT) downgraded to Hold from Buy at Stifel Nicolaus. The stock closed yesterday at $51.13 on volume of 14,043,900 shares, below the average daily volume of 15,178,728.
In the past 52-weeks, shares of Wal-Mart Stores have traded between a low of $47.77 and a high of $56.27 and are now at $51.13, which is 7% above that low price.
Wal-Mart Stores is currently above its 50-day moving average (MA) of $50.58 and should find resistance at its 200-day MA of $52.79. In the last five trading sessions, the 50-day MA has fallen 0.29% while the 200-day MA has remained constant.
Wal-Mart Stores, Inc. operates discount stores, supercenters, and neighborhood markets. The Company's discount stores and supercenters offer merchandise such as apparel, housewares, small appliances, electronics, and hardware. Walmart's markets offer a full-line supermarket and a limited assortment of general merchandise. The Company operates nationally and internationally.