Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $0.36 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 surge of approximately 4.43%. Over the course of the year, Altria Group Inc. shares have jumped approximately 6.40%. 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 $41.99, while a 200-day SMA reached $42.22. Nevertheless, trading volume fell to 12.43 million shares from 18.92 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 42.53, which, if violated, would cause prices to drop to 42.14. In the upper region, resistance lies at 43.18. The next price resistance is at 43.45. RSI (Relative Strength Index) is 58.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.04, which suggests the price will increase in the coming days. Percent R is at 5.61%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
