Philip Morris International Inc’s recent filing unveils that its Chairman Calantzopoulos Andre unloaded Company’s shares for reported $13.23 million on Oct 23 ’24. In the deal valued at $129.85 per share,101,918 shares were sold. As a result of this transaction, Calantzopoulos Andre now holds 959,761 shares worth roughly $125.25 million.
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Then, Barth Werner sold 7,500 shares, generating $974,850 in total proceeds. Upon selling the shares at $129.98, the Pr.Combusibles&GlobalComb.Mktg now owns 95,418 shares.
Before that, De Wilde Frederic sold 25,000 shares. Philip Morris International Inc shares valued at $3,274,000 were divested by the Pr SSEA CIS & MEA Region at a price of $130.96 per share. As a result of the transaction, De Wilde Frederic now holds 113,447 shares, worth roughly $14.8 million.
Argus downgraded its Philip Morris International Inc [PM] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Societe Generale’s analysts, who increased its forecast for the stock in mid February from “a Sell” to “a Hold”. UBS also remained covering PM and has decreased its forecast on January 23, 2024 with a “Sell” recommendation from previously “Buy” rating. Redburn Atlantic started covering the stock on November 16, 2023. It rated PM as “a Neutral”.
Price Performance Review of PM
On Monday, Philip Morris International Inc [NYSE:PM] saw its stock jump 0.49% to $130.50. Over the last five days, the stock has gained 9.70%. Philip Morris International Inc shares have risen nearly 38.71% since the year began. Nevertheless, the stocks have risen 45.47% over the past one year. While a 52-week high of $133.27 was reached on 10/25/24, a 52-week low of $87.23 was recorded on 04/15/24. SMA at 50 days reached $122.64, while 200 days put it at $104.55.
Levels Of Support And Resistance For PM Stock
The 24-hour chart illustrates a support level at 129.31, which if violated will result in even more drops to 128.13. On the upside, there is a resistance level at 131.11. A further resistance level may holdings at 131.73. The Relative Strength Index (RSI) on the 14-day chart is 67.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.78%. Stochastics %K at 85.93% indicates the stock is a selling.
How much short interest is there in Philip Morris International Inc?
A steep rise in short interest was recorded in Philip Morris International Inc stocks on 2024-10-15, dropping by -1.19 million shares to a total of 8.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.42 million shares. There was a decline of -14.41%, which implies that there is a negative sentiment for the stock.
