British American Tobacco p.l.c. (BTI) has risen sharply, recording gains of 0.77% in the past 4 weeks. However, the stock has corrected -0.63% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.38% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
British American Tobacco p.l.c. is up 7.2% in the last 3-month period. Year-to-Date the stock performance stands at 19.68%. The stock has recorded a 20-day Moving Average of 1.53% and the 50-Day Moving Average is 2.66%.
British American Tobacco p.l.c. (NYSEMKT:BTI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $127.52 and $126.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $127.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $127.55, notching a gain of 0.18% for the day. The total traded volume was 122,643 . The stock had closed at $127.32 on the previous day.
Also, Societe Generale downgrades its rating on British American Tobacco p.l.c. (NYSEMKT:BTI). Analysts at the Societe Generale have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on July 29, 2016.
British American Tobacco PLC is a global tobacco company with brands sold in more than 200 markets. The Companys four principal brands include Dunhill, Kent Lucky Strike and Pall Mall. The Company has many other international and local brands, including State Express 555, Vogue, Viceroy, Kool, Peter Stuyvesant, Shuang Xi, Craven A, Benson & Hedges and John Player Gold Leaf. The Companys products include cigarettes, Fine Cut (roll-your-own and makeyour-own tobacco) and cigars. As of December 31, 2014, the Company has 44 cigarette factories in 41 countries. The Company is also investing in building a portfolio of new tobacco and nicotine-based products alongside its traditional tobacco business. The Companys products include e-cigarettes, medicinal nicotine products and tobacco heating products.