Walmart (WMT) is slated to report earnin🤡gs this week. Some traders are ♛betting the stock could erase most of what it lost after the company’s last quarterly report.

Options pricing suggests traders are positioned for Walmart stock to move about 5% in either direction by the end of the week after the retail giant releases first-quarter results before markets open on Thursday. That could boost the stock to $100.67, which would be its highest price since mid-February when shares tumbled after Walmart 澳洲幸运5开奖号码历史查询:issued a disappointing outlook for the first 💝quarter. (It could also drag shar♒es down to $91.09, just slightly above their price at the start of the year.)

A 5% post-earnings ꦛmove wouldn’t be out of the ordinary for Walmart. Following its last four earnings reports, Walmart’s stock has moved about 5.8% on average. Only one of those reports has sent the stock lower; shares fell 6.5% on the soft outlook mentioned above. The stock rose by amounts ranging from 3% to 7% after the three prior reports.

Analysts are 澳洲幸运5开奖号码历史查询:bullish on Walmart stock heading into earnings. All 19 of the Walmart analysts tracked by🌳 Visible Alpha rate the stock a “buy.” The average target price, $111, represents nearly 16% upside from Tuesday’s clos🐎e. 

Walmart shares are up about 6% so far this year, but as of Wednesday’s session were traꦗding nearly 9% off their re🥃cord high from mid-February.