Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Philip Morris International Inc shares valued at $1,324,800 were sold by Volpetti Stefano on Oct 31 ’24. At $132.48 per share, Volpetti Stefano sold 10,000 shares. The insider’s holdings dropped to 91,780 shares worth approximately $11.0 million following the completion of this transaction.
Also, STEFANO VOLPETTI purchased 10,000 shares, netting a total of over 1,324,800 in proceeds.
Before that, Calantzopoulos Andre had sold 101,918 shares from its account. In a trade valued at $13,234,052, the Chairman traded Philip Morris International Inc shares for $129.85 each. Upon closing the transaction, the insider’s holdings decreased to 101,918 shares, worth approximately $114.98 million.
As published in their initiating research note from Morgan Stanley on January 16, 2025, Philip Morris International Inc [PM] has been an Overweight and the price target has been revised to $140. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early March. As of February 13, 2024, Societe Generale has increased its “Sell” rating to a “Hold” for PM. Earlier on January 23, 2024, UBS downgraded its rating. Their new recommendation was “a Sell” for PM stock which previously was a “a Buy”.
Analyzing PM Stock Performance
During the last five days, there has been a drop of approximately -1.69%. Over the course of the year, Philip Morris International Inc shares have dropped approximately -0.46%. Shares of the company reached a 52-week high of $122.92 on 01/06/25 and a 52-week low of $116.12 on 01/13/25. A 50-day SMA is recorded $125.88, while a 200-day SMA reached $113.89. Nevertheless, trading volume fell to 7.81 million shares from 5.37 million shares the previous day.
Support And Resistance Levels for Philip Morris International Inc (PM)
According to the 24-hour chart, there is a support level at 118.59, which, if violated, would cause prices to drop to 117.37. In the upper region, resistance lies at 120.74. The next price resistance is at 121.67. RSI (Relative Strength Index) is 41.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.24, which suggests the price will decrease in the coming days. Percent R is at 45.88%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
