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 $8.65 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.
Citigroup reiterated its Altria Group Inc. [MO] rating to a Neutral in a research note published on October 08, 2024; the price target was $48. UBS revised its rating on November 10, 2022. It rated MO as “a Sell” which previously was an “a Neutral”.
Price Performance Review of MO
On Friday, Altria Group Inc. [NYSE:MO] saw its stock jump 0.32% to $49.84. Over the last five days, the stock has lost -0.52%. Altria Group Inc. shares have risen nearly 23.55% since the year began. Nevertheless, the stocks have risen 17.11% 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 $51.50, while 200 days put it at $45.65.
Levels Of Support And Resistance For MO Stock
The 24-hour chart illustrates a support level at 49.60, which if violated will result in even more drops to 49.37. On the upside, there is a resistance level at 50.03. A further resistance level may holdings at 50.23. The Relative Strength Index (RSI) on the 14-day chart is 39.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.05%. Stochastics %K at 22.78% 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 2024-09-30, dropping by -1.05 million shares to a total of 25.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 26.16 million shares. There was a decline of -4.16%, which implies that there is a negative sentiment for the stock.
