Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Altria Group Inc shares valued at $988,360 were sold by Whitaker Charles N. on May 02 ’24. At $43.95 per share, Whitaker Charles N. sold 22,487 shares. The insider’s holdings dropped to 173,485 shares worth approximately $8.88 million following the completion of this transaction.
As published in their initiating research note from Morgan Stanley on January 16, 2025, Altria Group Inc [MO] has been an Equal-weight and the price target has been revised to $54. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early December. As of October 08, 2024, Citigroup has reiterated its “Neutral” rating for MO.
Analyzing MO Stock Performance
During the last five days, there has been a surge of approximately 0.33%. Over the course of the year, Altria Group Inc shares have dropped approximately -2.07%. Shares of the company reached a 52-week high of $53.18 on 01/06/25 and a 52-week low of $50.55 on 01/10/25. A 50-day SMA is recorded $54.14, while a 200-day SMA reached $49.74. Nevertheless, trading volume fell to 6.53 million shares from 7.84 million shares the previous day.
Support And Resistance Levels for Altria Group Inc (MO)
According to the 24-hour chart, there is a support level at 50.86, which, if violated, would cause prices to drop to 50.50. In the upper region, resistance lies at 51.48. The next price resistance is at 51.74. RSI (Relative Strength Index) is 39.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.36, which suggests the price will decrease in the coming days. Percent R is at 74.90%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
