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Keeping an Eye on Philip Morris International Inc (PM) After Insider Trading Activity

Philip Morris International Inc’s filing revealed that its Pr SSEA CIS & MEA Region De Wilde Frederic unloaded Company’s shares for reported $1.93 million on Apr 25 ’24. In the deal valued at $96.42 per share,20,000 shares were sold. As a result of this transaction, De Wilde Frederic now holds 178,447 shares worth roughly $18.07 million.

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Then, Andolina Massimo sold 8,250 shares, generating $772,448 in total proceeds. Upon selling the shares at $93.63, the President, Europe Region now owns 94,629 shares.

Before that, Barth Werner sold 5,000 shares. Philip Morris International Inc shares valued at $457,300 were divested by the Pr.Combusibles&GlobalComb.Mktg at a price of $91.46 per share. As a result of the transaction, Barth Werner now holds 102,918 shares, worth roughly $10.42 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 fall -0.08% to $101.25. Over the last five days, the stock has lost -0.61%. Philip Morris International Inc shares have risen nearly 7.62% since the year began. Nevertheless, the stocks have risen 3.64% over the past one year. While a 52-week high of $104.90 was reached on 06/06/24, a 52-week low of $87.23 was recorded on 04/15/24. SMA at 50 days reached $99.96, while 200 days put it at $94.13. A total of 2.79 million shares were traded, compared to the trading of 7.3 million shares in the previous session.

Levels Of Support And Resistance For PM Stock

The 24-hour chart illustrates a support level at 100.52, which if violated will result in even more drops to 99.79. On the upside, there is a resistance level at 102.64. A further resistance level may holdings at 104.02. The Relative Strength Index (RSI) on the 14-day chart is 50.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.88%. Stochastics%K at 45.48% indicates the stock is a holding.

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