Philip Morris International Inc’s recently made public that its President, Europe Region Andolina Massimo unloaded Company’s shares for reported $0.77 million on Mar 15 ’24. In the deal valued at $93.63 per share,8,250 shares were sold. As a result of this transaction, Andolina Massimo now holds 94,629 shares worth roughly $8.55 million.
Then, Barth Werner sold 5,000 shares, generating $457,300 in total proceeds. Upon selling the shares at $91.46, the Pr.Combusibles&GlobalComb.Mktg now owns 102,918 shares.
Before that, Dobrowolski Reginaldo sold 2,000 shares. Philip Morris International Inc shares valued at $181,380 were divested by the Vice President and Controller at a price of $90.69 per share. As a result of the transaction, Dobrowolski Reginaldo now holds 9,726 shares, worth roughly $0.88 million.
Argus downgraded its Philip Morris International Inc [PM] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Societe Generale’s analysts, who increased its forecast for the stock in mid February from “a Sell” to “a Hold”. UBS also remained covering PM and has decreased its forecast on January 23, 2024 with a “Sell” recommendation from previously “Buy” rating. Redburn Atlantic started covering the stock on November 16, 2023. It rated PM as “a Neutral”.
Price Performance Review of PM
On Monday, Philip Morris International Inc [NYSE:PM] saw its stock jump 0.94% to $90.32. Over the last five days, the stock has lost -1.22%. Philip Morris International Inc shares have fallen nearly -4.00% since the year began. Nevertheless, the stocks have fallen -8.53% over the past one year. While a 52-week high of $101.92 was reached on 01/04/24, a 52-week low of $87.23 was recorded on 02/08/24. SMA at 50 days reached $91.41, while 200 days put it at $93.57. A total of 5.3 million shares were traded, compared to the trading of 1.66 million shares in the previous session.
Levels Of Support And Resistance For PM Stock
The 24-hour chart illustrates a support level at 89.79, which if violated will result in even more drops to 89.26. On the upside, there is a resistance level at 90.63. A further resistance level may holdings at 90.95. The Relative Strength Index (RSI) on the 14-day chart is 43.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.46%. Stochastics %K at 9.54% indicates the stock is a buying.
How much short interest is there in Philip Morris International Inc?
A steep rise in short interest was recorded in Philip Morris International Inc stocks on Mar 15, 2024, growing by 0.15 million shares to a total of 6.7 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 6.55 million shares. There was a rise of 2.24%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.43% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.27.
