Wal-Mart shares fall the most in ten weeks on Tuesday, retailer to share more data with suppliers to better compete with Amazon

According to a statement by Wal-Mart Stores Inc (WMT) on Tuesday, the retailer intends to share more data with its suppliers in order to accelerate the replenishment of out-of-stock goods, since it seeks to become more competitive against rivals such as Amazon.

Wal-Mart shares closed lower for the second time in the past ten trading sessions on Tuesday. It has also been the steepest daily loss since November 17th. The stock went down 1.66% ($1.82) to $107.73, after touching an intraday low at $107.18, or a price level not seen since January 26th ($106.68).

In the week ended on January 28th the shares of the retail chain added 3.63% to their market value compared to a week ago, which marked a seventh consecutive period of gains.

However, due to yesterdays retreat, the stock has pared its advance to 9.09% so far during the current month, following a 1.56% surge in December. The latter has been a fourth consecutive month of gains.

For the entire past year, the shares of the NYSE-listed retailer went up 42.87% following another 12.76% surge in 2016.

Wal-Mart announced that its On Shelf Customer Availability data would be shared during the two-day Supplier Growth Forum at its headquarters in Bentonville, starting Tuesday.

According to Steve Bratspies, Wal-Marts Chief Merchandising Officer, delivery deadlines are to be tightened in an attempt to boost product availability at stores.

Large suppliers will be now required to deliver complete orders within a particular time stretch 85% of the time. If not, suppliers will have to pay a fine equal to 3% of the goods cost. The company previously required of large suppliers to meet a 75% delivery threshold to avoid being fined.

Meanwhile, smaller suppliers will be now required to deliver complete orders within a particular delivery window 50% of the time. Previously, they had to meet a 33% delivery threshold.

According to CNN Money, the 30 analysts, offering 12-month forecasts regarding Wal-Mart’s stock price, have a median target of $106.00, with a high estimate of $120.00 and a low estimate of $72.00. The median estimate is a 1.61% decrease compared to the closing price of $107.73 on January 30th.

The same media also reported that 15 out of 32 surveyed investment analysts had rated Wal-Mart’s stock as “Buy”, while other 15 – as “Hold”.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, todays levels of importance for the Wal-Mart stock are presented as follows:

R1 – $107.93
R2 – $108.13
R3 (Range Resistance – Sell) – $108.33
R4 (Long Breakout) – $108.93
R5 (Breakout Target 1) – $109.63
R6 (Breakout Target 2) – $109.92

S1 – $107.53
S2 – $107.33
S3 (Range Support – Buy) – $107.13
S4 (Short Breakout) – $106.53
S5 (Breakout Target 1) – $105.83
S6 (Breakout Target 2) – $105.54

By using the traditional method of calculation, the weekly levels of importance for Wal-Mart Stores Inc (WMT) are presented as follows:

Central Pivot Point – $106.95
R1 – $109.85
R2 – $111.32
R3 – $114.22
R4 – $117.13

S1 – $105.48
S2 – $102.58
S3 – $101.11
S4 – $99.65