Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Altria Group Inc. shares valued at $48,599 were purchased by Davis Robert Matthews on Nov 06 ’23. At $40.50 per share, Davis Robert Matthews acquired 1,200 shares. The insider’s holdings grew to 8,473 shares worth approximately $0.35 million following the completion of this transaction.
Also, Clarke Ian L.T. purchased 1,100 shares, netting a total of over 44,625 in proceeds. Following the buying of shares at $40.57 each, the insider now holds 7,145 shares.
As of November 10, 2022, UBS has decreased its “Neutral” rating to a “Sell” for MO. Earlier on June 29, 2022, Barclays downgraded its rating. Their new recommendation was “an Underweight” for MO stock which previously was a “an Equal weight”.
Analyzing MO Stock Performance
During the last five days, there has been a drop of approximately -1.04%. Over the course of the year, Altria Group Inc. shares have jumped approximately 3.32%. Shares of the company reached a 52-week high of $45.00 on 03/21/24 and a 52-week low of $39.25 on 03/04/24. A 50-day SMA is recorded $41.77, while a 200-day SMA reached $42.39. Nevertheless, trading volume fell to 9.51 million shares from 7.69 million shares the previous day.
Support And Resistance Levels for Altria Group Inc. (MO)
According to the 24-hour chart, there is a support level at 41.47, which, if violated, would cause prices to drop to 41.26. In the upper region, resistance lies at 41.96. The next price resistance is at 42.24. RSI (Relative Strength Index) is 42.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.85, which suggests the price will decrease in the coming days. Percent R is at 91.46%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Altria Group Inc. subject to short interest?
Stocks of Altria Group Inc. saw a sharp rise in short interest on Mar 28, 2024 jumping by 46.51 million shares to 60.34 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 13.83 million shares. A jump of 77.08% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.54 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.54.
