The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Philip Morris International Inc shares valued at $2,386,000 were sold by De Wilde Frederic on Aug 22 ’24. At $119.30 per share, De Wilde Frederic sold 20,000 shares. The insider’s holdings dropped to 138,447 shares worth approximately $16.53 million following the completion of this transaction.
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Also, FREDERIC J DE WILDE purchased 20,000 shares, netting a total of over 2,386,000 in proceeds.
Before that, Andolina Massimo had sold 9,000 shares from its account. In a trade valued at $1,038,150, the President, Europe Region traded Philip Morris International Inc shares for $115.35 each. Upon closing the transaction, the insider’s holdings decreased to 9,000 shares, worth approximately $10.22 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 surge of approximately 0.85%. Over the course of the year, Philip Morris International Inc shares have jumped approximately 26.90%. Shares of the company reached a 52-week high of $128.22 on 09/09/24 and a 52-week low of $87.82 on 04/15/24. A 50-day SMA is recorded $120.67, while a 200-day SMA reached $102.75. Nevertheless, trading volume fell to 3.61 million shares from 3.21 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 118.48, which, if violated, would cause prices to drop to 117.58. In the upper region, resistance lies at 120.94. The next price resistance is at 122.49. RSI (Relative Strength Index) is 44.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.67, which suggests the price will decrease in the coming days. Percent R is at 64.44%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
