Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Philip Morris International Inc shares valued at $772,448 were sold by Andolina Massimo on Mar 15 ’24. At $93.63 per share, Andolina Massimo sold 8,250 shares. The insider’s holdings dropped to 94,629 shares worth approximately $9.09 million following the completion of this transaction.
Also, Barth Werner sold 5,000 shares, netting a total of over 457,300 in proceeds. Following the sale of shares at $91.46 each, the insider now holds 102,918 shares.
Before that, Dobrowolski Reginaldo had sold 2,000 shares from its account. In a trade valued at $181,380, the Vice President and Controller traded Philip Morris International Inc shares for $90.69 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $0.93 million.
As published in a research note from Argus on March 05, 2024, Philip Morris International Inc [PM] has been rated down from a Buy to a Hold. Analysts at Societe Generale upgraded the stock from ‘”a Sell”‘ to ‘”a Hold”‘ outlook in a report released in mid February. As of January 23, 2024, UBS has decreased its “Buy” rating to a “Sell” for PM. Earlier on November 16, 2023, Redburn Atlantic initiated its rating. Their recommendation was “a Neutral” for PM stock.
Analyzing PM Stock Performance
During the last five days, there has been a surge of approximately 5.36%. Over the course of the year, Philip Morris International Inc shares have jumped approximately 2.14%. Shares of the company reached a 52-week high of $99.90 on 04/25/24 and a 52-week low of $87.82 on 04/15/24. A 50-day SMA is recorded $91.73, while a 200-day SMA reached $93.24. Nevertheless, trading volume fell to 7.42 million shares from 13.57 million shares the previous day.
Support And Resistance Levels for Philip Morris International Inc (PM)
According to the 24-hour chart, there is a support level at 94.72, which, if violated, would cause prices to drop to 93.36. In the upper region, resistance lies at 98.68. The next price resistance is at 101.27. RSI (Relative Strength Index) is 61.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.46, which suggests the price will increase in the coming days. Percent R is at 31.54%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
