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 $988,360 were sold by Whitaker Charles N. on May 02 ’24. At $43.95 per share, Whitaker Charles N. sold 22,487 shares. The insider’s holdings dropped to 173,485 shares worth approximately $8.04 million following the completion of this transaction.
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Also, Davis Robert Matthews purchased 1,200 shares, netting a total of over 48,599 in proceeds. Following the buying of shares at $40.50 each, the insider now holds 8,473 shares.
Before that, Clarke Ian L.T. had added 1,100 shares to its account. In a trade valued at $44,625, the Director bought Altria Group Inc. shares for $40.57 each. Upon closing the transaction, the insider’s holdings increased to 1,100 shares, worth approximately $0.33 million.
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 1.03%. Over the course of the year, Altria Group Inc. shares have jumped approximately 14.82%. Shares of the company reached a 52-week high of $46.60 on 05/22/24 and a 52-week low of $39.25 on 03/04/24. A 50-day SMA is recorded $43.51, while a 200-day SMA reached $42.16. Nevertheless, trading volume fell to 14.79 million shares from 8.6 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 46.09, which, if violated, would cause prices to drop to 45.85. In the upper region, resistance lies at 46.58. The next price resistance is at 46.83. RSI (Relative Strength Index) is 76.82 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.05, which suggests the price will increase in the coming days. Percent R is at 8.67%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
