Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Altria Group Inc. shares valued at $988,360 were sold by Whitaker Charles N. on May 02 ’24. At $43.95 per share, Whitaker Charles N. sold 22,487 shares. The insider’s holdings dropped to 173,485 shares worth approximately $8.7 million following the completion of this transaction.
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Also, Davis Robert Matthews purchased 1,200 shares, netting a total of over 48,599 in proceeds. Following the buying of shares at $40.50 each, the insider now holds 8,473 shares.
Before that, Clarke Ian L.T. had added 1,100 shares to its account. In a trade valued at $44,625, the Director bought Altria Group Inc. shares for $40.57 each. Upon closing the transaction, the insider’s holdings increased to 1,100 shares, worth approximately $0.36 million.
As published in a research note from Citigroup on October 08, 2024, Altria Group Inc. [MO] has been retained to a Neutral and the price target has been revised to $48. Earlier on November 10, 2022, UBS downgraded its rating. Their new recommendation was “a Sell” for MO stock which previously was a “a Neutral”.
Analyzing MO Stock Performance
During the last five days, there has been a drop of approximately -0.14%. Over the course of the year, Altria Group Inc. shares have jumped approximately 24.34%. Shares of the company reached a 52-week high of $54.95 on 09/05/24 and a 52-week low of $39.25 on 03/04/24. A 50-day SMA is recorded $51.50, while a 200-day SMA reached $45.80. Nevertheless, trading volume fell to 4.89 million shares from 5.14 million shares the previous day.
Support And Resistance Levels for Altria Group Inc. (MO)
According to the 24-hour chart, there is a support level at 49.89, which, if violated, would cause prices to drop to 49.63. In the upper region, resistance lies at 50.40. The next price resistance is at 50.64. RSI (Relative Strength Index) is 43.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 59.17%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
