The Long Investor

$WMT - RC -

Added 2024-02-01 00:52:10 +0000 UTC

Walton family have been selling $Billions worth of stock over the last 12 months and this has always been a red flag for me but in spite of this, the price continues to move higher....$WMT announced this week a 3 for 1 stock split which is another red flag I believe....especially with the share price only at $165 which is not excessive.

I believe the family will continue to sell stock and maybe they believe the threat of $AMZN is so great that they need to prepare for this.....I am $AMZN biased but $AMZN are moving into the grocery sector and Pharmacy sector, so very little bricks and mortar business selling goods are safe right now.

$WMT can still move higher to our Wave 5 level to the 2.618 Fib but as long as the price stays in or above the channel, it is safe.