While this happened, Morgan Stanley downgraded its British American Tobacco Plc ADR [BTI] rating to an Underweight from a an Overweight in a research note published recently. Morgan Stanley began covering BTI with “an Overweight” recommendation on November 01, 2023.
Price Performance Review of BTI
On Tuesday, British American Tobacco Plc ADR [NYSE:BTI] saw its stock fall -1.29% to $34.46. Over the last five days, the stock has lost -1.23%. British American Tobacco Plc ADR shares have risen nearly 17.65% since the year began. Nevertheless, the stocks have risen 18.95% over the past one year. While a 52-week high of $39.54 was reached on 09/16/24, a 52-week low of $28.25 was recorded on 04/16/24. SMA at 50 days reached $36.66, while 200 days put it at $32.51.
Levels Of Support And Resistance For BTI Stock
The 24-hour chart illustrates a support level at 34.30, which if violated will result in even more drops to 34.15. On the upside, there is a resistance level at 34.76. A further resistance level may holdings at 35.07. The Relative Strength Index (RSI) on the 14-day chart is 37.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.24%. Stochastics %K at 24.09% indicates the stock is a holding.
How much short interest is there in British American Tobacco Plc ADR?
A steep rise in short interest was recorded in British American Tobacco Plc ADR stocks on 2024-10-15, growing by 0.48 million shares to a total of 7.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 7.27 million shares. There was a rise of 6.24%, which implies that there is a positive sentiment for the stock.
