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Recent Insider Activity Suggests Potential Gains for Altria Group Inc (MO)

Altria Group Inc’s filing revealed 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 $9.35 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 $0.38 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 fall -1.08% to $53.87. Over the last five days, the stock has gained 8.37%. Altria Group Inc shares have risen nearly 33.54% since the year began. Nevertheless, the stocks have risen 35.01% over the past one year. While a 52-week high of $54.95 was reached on 09/05/24, a 52-week low of $39.25 was recorded on 03/04/24. SMA at 50 days reached $51.40, while 200 days put it at $46.35.

Levels Of Support And Resistance For MO Stock

The 24-hour chart illustrates a support level at 53.54, which if violated will result in even more drops to 53.21. On the upside, there is a resistance level at 54.40. A further resistance level may holdings at 54.92. The Relative Strength Index (RSI) on the 14-day chart is 69.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.22%. Stochastics %K at 89.34% indicates the stock is a selling.

How much short interest is there in Altria Group Inc?

A steep rise in short interest was recorded in Altria Group Inc stocks on 2024-10-15, dropping by -0.72 million shares to a total of 26.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 26.89 million shares. There was a decline of -2.77%, which implies that there is a negative sentiment for the stock.

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