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Altria Group Inc [MO] Investment Appeal on the Rise

In a filing, Altria Group Inc revealed 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 $9.53 million.

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BofA Securities upgraded its Altria Group Inc [MO] rating to a Buy from a a Neutral in a research note published on December 06, 2024; the price target was increased to $65 from $55. A number of analysts have revised their coverage, including Citigroup’s analysts, who remained covering the stock and in early October has reiterated a ‘”a Neutral”‘ rating for it.

Price Performance Review of MO

On Friday, Altria Group Inc [NYSE:MO] saw its stock fall -0.13% to $54.92. Over the last five days, the stock has lost -4.19%. Altria Group Inc shares have risen nearly 36.14% since the year began. Nevertheless, the stocks have risen 30.70% over the past one year. While a 52-week high of $58.03 was reached on 11/27/24, a 52-week low of $39.25 was recorded on 03/04/24. SMA at 50 days reached $53.45, while 200 days put it at $48.56.

Levels Of Support And Resistance For MO Stock

The 24-hour chart illustrates a support level at 54.59, which if violated will result in even more drops to 54.25. On the upside, there is a resistance level at 55.22. A further resistance level may holdings at 55.52. The Relative Strength Index (RSI) on the 14-day chart is 46.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.62%. Stochastics %K at 9.03% indicates the stock is a buying.

How much short interest is there in Altria Group Inc?

A steep rise in short interest was recorded in Altria Group Inc stocks on 2024-11-29, growing by 1.78 million shares to a total of 28.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 26.62 million shares. There was a rise of 6.27%, which implies that there is a positive sentiment for the stock.

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