Altria Group Inc.’s recent filing unveils that its Sr. VP, Chief HR Off. & CCO Whitaker Charles N. unloaded Company’s shares for reported $0.99 million on May 02 ’24. In the deal valued at $43.95 per share,22,487 shares were sold. As a result of this transaction, Whitaker Charles N. now holds 173,485 shares worth roughly $8.75 million.
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Then, Davis Robert Matthews bought 1,200 shares, generating $48,599 in total proceeds. Upon buying the shares at $40.50, the Director now owns 8,473 shares.
Before that, Clarke Ian L.T. bought 1,100 shares. Altria Group Inc. shares valued at $44,625 were divested by the Director at a price of $40.57 per share. As a result of the transaction, Clarke Ian L.T. now holds 7,145 shares, worth roughly $0.36 million.
UBS also remained covering MO and has decreased its forecast on November 10, 2022 with a “Sell” recommendation from previously “Neutral” rating. Barclays revised its rating on June 29, 2022. It rated MO as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of MO
On Friday, Altria Group Inc. [NYSE:MO] saw its stock jump 1.27% to $50.43. Over the last five days, the stock has gained 1.98%. Altria Group Inc. shares have risen nearly 25.01% since the year began. Nevertheless, the stocks have risen 10.69% over the past one year. While a 52-week high of $50.47 was reached on 07/26/24, a 52-week low of $39.06 was recorded on 03/04/24. SMA at 50 days reached $46.67, while 200 days put it at $42.95. A total of 6.98 million shares were traded, compared to the trading of 9.32 million shares in the previous session.
Levels Of Support And Resistance For MO Stock
The 24-hour chart illustrates a support level at 49.83, which if violated will result in even more drops to 49.23. On the upside, there is a resistance level at 50.75. A further resistance level may holdings at 51.07. The Relative Strength Index (RSI) on the 14-day chart is 79.77, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.90%. Stochastics%K at 90.84% indicates the stock is a selling.
