Altria Group Inc.’s recent filing unveils that its Director Davis Robert Matthews acquired Company’s shares for reported $48599.0 on Nov 06 ’23. In the deal valued at $40.50 per share,1,200 shares were bought. As a result of this transaction, Davis Robert Matthews now holds 8,473 shares worth roughly $0.35 million.
Then, Clarke Ian L.T. bought 1,100 shares, generating $44,625 in total proceeds. Upon buying the shares at $40.57, the Director now owns 7,145 shares.
UBS also remained covering MO and has decreased its forecast on November 10, 2022 with a “Sell” recommendation from previously “Neutral” rating. Barclays revised its rating on June 29, 2022. It rated MO as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of MO
On Friday, Altria Group Inc. [NYSE:MO] saw its stock jump 0.29% to $41.65. Over the last five days, the stock has lost -4.52%. Altria Group Inc. shares have risen nearly 3.25% since the year began. Nevertheless, the stocks have fallen -6.30% over the past one year. While a 52-week high of $48.04 was reached on 03/21/24, a 52-week low of $39.06 was recorded on 03/04/24. SMA at 50 days reached $41.67, while 200 days put it at $42.42. A total of 8.51 million shares were traded, compared to the trading of 13.03 million shares in the previous session.
Levels Of Support And Resistance For MO Stock
The 24-hour chart illustrates a support level at 41.43, which if violated will result in even more drops to 41.20. On the upside, there is a resistance level at 41.82. A further resistance level may holdings at 41.99. The Relative Strength Index (RSI) on the 14-day chart is 41.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.29%. Stochastics %K at 3.24% indicates the stock is a buying.
How much short interest is there in Altria Group Inc.?
A steep rise in short interest was recorded in Altria Group Inc. stocks on Mar 15, 2024, dropping by 80000.0 shares to a total of 14.53 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 14.61 million shares. There was a decline of -0.55%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.82% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.14.
