Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Philip Morris International Inc shares valued at $1,928,400 were sold by De Wilde Frederic on Apr 25 ’24. At $96.42 per share, De Wilde Frederic sold 20,000 shares. The insider’s holdings dropped to 178,447 shares worth approximately $18.05 million following the completion of this transaction.
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Also, Andolina Massimo sold 8,250 shares, netting a total of over 772,448 in proceeds. Following the sale of shares at $93.63 each, the insider now holds 94,629 shares.
Before that, Barth Werner had sold 5,000 shares from its account. In a trade valued at $457,300, the Pr.Combusibles&GlobalComb.Mktg traded Philip Morris International Inc shares for $91.46 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $10.41 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 drop of approximately -0.78%. Over the course of the year, Philip Morris International Inc shares have jumped approximately 7.53%. Shares of the company reached a 52-week high of $104.90 on 06/06/24 and a 52-week low of $87.82 on 04/15/24. A 50-day SMA is recorded $100.26, while a 200-day SMA reached $94.18. Nevertheless, trading volume fell to 1.65 million shares from 3.89 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 101.04, which, if violated, would cause prices to drop to 100.67. In the upper region, resistance lies at 101.86. The next price resistance is at 102.31. RSI (Relative Strength Index) is 49.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 42.89%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
