Altria Group Inc’s recently made public 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 $9.0 million.
Morgan Stanley initiated its Altria Group Inc [MO] rating to an Equal-weight in a research note published on January 16, 2025; the price target was $54. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early December from “a Neutral” to “a Buy”. Citigroup also remained covering MO and reiterated its “Neutral” recommendation on October 08, 2024.
Price Performance Review of MO
On Friday, Altria Group Inc [NYSE:MO] saw its stock jump 1.37% to $51.86. Over the last five days, the stock has gained 1.95%. Altria Group Inc shares have fallen nearly -0.82% since the year began. Nevertheless, the stocks have risen 27.30% over the past one year. While a 52-week high of $58.03 was reached on 01/06/25, a 52-week low of $39.25 was recorded on 01/10/25. SMA at 50 days reached $54.31, while 200 days put it at $49.60.
Levels Of Support And Resistance For MO Stock
The 24-hour chart illustrates a support level at 51.21, which if violated will result in even more drops to 50.56. On the upside, there is a resistance level at 52.26. A further resistance level may holdings at 52.65. The Relative Strength Index (RSI) on the 14-day chart is 42.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.19%. Stochastics %K at 29.62% indicates the stock is a holding.
How much short interest is there in Altria Group Inc?
A steep rise in short interest was recorded in Altria Group Inc stocks on 2024-12-31, growing by 1.17 million shares to a total of 29.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 28.41 million shares. There was a rise of 3.96%, which implies that there is a positive sentiment for the stock.
