Blue-Chip Retailer Announces Huge Hiring Effort

Walmart stock has had a volatile run on the charts this year

Deputy Editor
Mar 16, 2022 at 1:46 PM
facebook X logo linkedin


Blue-chip retailer Walmart Inc (NYSE:WMT) just announced plans to add 50,000 associates to its stores, clubs, campuses, and supply chain. Already the largest private employer in the U.S., Walmart is looking to grow in new business units, such as online grocery and advertising, and looking to hire personal shoppers, delivery drivers, data scientists, and more.

On the charts, Walmart stock earlier hit its highest level of 2022 -- at $146.94 -- though shares have cooled since, last seen down 0.02% at $145.71. The equity has had a volatile year as supply chain issues persist around the globe, and in late February fell to the $132 area to trade at its lowest level since March 2021. Today, WMT is sitting just shy of 1% above its year-to-date breakeven mark.

WMT Chart March 16

Despite Walmart stock's volatility on the charts, calls have remained relatively popular in the options pits. WMT's 50-day call/put volume ratio of 2.58 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) stands higher than 69% of readings from the past year, meaning calls have been picked up a slightly quicker-than-usual clip of late.

Further, analysts remain optimistic toward the equity. Of the 20 in coverage, 15 still rate WMT a "buy" or better. What's more, the security's 12-month consensus price target of $165.34 is a 13.4% premium to current levels.

 

 

Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.


Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!