In a filing, Altria Group Inc. revealed 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 $8.84 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 Tuesday, Altria Group Inc. [NYSE:MO] saw its stock fall -0.22% to $50.93. Over the last five days, the stock has lost -0.51%. Altria Group Inc. shares have risen nearly 26.25% since the year began. Nevertheless, the stocks have risen 21.12% over the past one year. While a 52-week high of $54.95 was reached on 09/05/24, a 52-week low of $39.06 was recorded on 03/04/24. SMA at 50 days reached $51.48, while 200 days put it at $45.30.
Levels Of Support And Resistance For MO Stock
The 24-hour chart illustrates a support level at 50.69, which if violated will result in even more drops to 50.45. On the upside, there is a resistance level at 51.25. A further resistance level may holdings at 51.57. The Relative Strength Index (RSI) on the 14-day chart is 43.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.39%. Stochastics %K at 28.06% indicates the stock is a holding.
How much short interest is there in Altria Group Inc.?
A steep rise in short interest was recorded in Altria Group Inc. stocks on 2024-09-13, growing by 2.7 million shares to a total of 26.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 24.19 million shares. There was a rise of 10.04%, which implies that there is a positive sentiment for the stock.
