Philip Morris International Inc’s filing revealed that its Pr.SmokeFree&ChiefCons.Officer Volpetti Stefano unloaded Company’s shares for reported $1.32 million on Oct 31 ’24. In the deal valued at $132.48 per share,10,000 shares were sold. As a result of this transaction, Volpetti Stefano now holds 91,780 shares worth roughly $11.47 million.
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Then, STEFANO VOLPETTI bought 10,000 shares, generating $1,324,800 in total proceeds.
Before that, Calantzopoulos Andre sold 101,918 shares. Philip Morris International Inc shares valued at $13,234,052 were divested by the Chairman at a price of $129.85 per share. As a result of the transaction, Calantzopoulos Andre now holds 959,761 shares, worth roughly $119.92 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 fall -1.02% to $124.95. Over the last five days, the stock has lost -4.13%. Philip Morris International Inc shares have risen nearly 32.81% since the year began. Nevertheless, the stocks have risen 39.14% over the past one year. While a 52-week high of $134.15 was reached on 10/31/24, a 52-week low of $87.82 was recorded on 04/15/24. SMA at 50 days reached $124.24, while 200 days put it at $106.36.
Levels Of Support And Resistance For PM Stock
The 24-hour chart illustrates a support level at 124.18, which if violated will result in even more drops to 123.40. On the upside, there is a resistance level at 126.35. A further resistance level may holdings at 127.75. The Relative Strength Index (RSI) on the 14-day chart is 47.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.83%. Stochastics %K at 24.82% indicates the stock is a holding.
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.
