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Argus upgrades Philip Morris International Inc (PM) stock to a Buy

Philip Morris International Inc’s recently made public that its Pres. Smoke-Free Oral Products Dahlgren Lars unloaded Company’s shares for reported $0.56 million on Mar 06 ’25. In the deal valued at $152.96 per share,3,679 shares were sold. As a result of this transaction, Dahlgren Lars now holds 26,828 shares worth roughly $4.04 million.

Then, LARS DAHLGREN bought 3,679 shares, generating $562,739 in total proceeds.

Before that, Andolina Massimo sold 17,500 shares. Philip Morris International Inc shares valued at $2,730,875 were divested by the President, Europe Region at a price of $156.05 per share. As a result of the transaction, Andolina Massimo now holds 86,737 shares, worth roughly $13.06 million.

Argus upgraded its Philip Morris International Inc [PM] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid January with a ‘”an Overweight”‘ rating. Argus also remained covering PM and has decreased its forecast on March 05, 2024 with a “Hold” recommendation from previously “Buy” rating. Societe Generale revised its rating on February 13, 2024. It rated PM as “a Hold” which previously was an “a Sell”.

Price Performance Review of PM

On Friday, Philip Morris International Inc [NYSE:PM] saw its stock fall -7.06% to $150.62. Over the last five days, the stock has lost -2.93%. Philip Morris International Inc shares have risen nearly 25.15% since the year began. Nevertheless, the stocks have risen 65.52% over the past one year. While a 52-week high of $163.08 was reached on 04/03/25, a 52-week low of $87.82 was recorded on 01/13/25. SMA at 50 days reached $148.66, while 200 days put it at $127.23.

Levels Of Support And Resistance For PM Stock

The 24-hour chart illustrates a support level at 146.47, which if violated will result in even more drops to 142.33. On the upside, there is a resistance level at 158.38. A further resistance level may holdings at 166.15. The Relative Strength Index (RSI) on the 14-day chart is 46.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.57, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 95.92%. Stochastics %K at 54.33% 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 2025-03-14, growing by 3.69 million shares to a total of 13.28 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 9.59 million shares. There was a rise of 27.79%, which implies that there is a positive sentiment for the stock.

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