Large Inflow of Money Witnessed in Altria Group

Altria Group (MO) : $100.5 million worth of transactions were on upticks in Altria Group (MO), compared to $56.22 million on downticks. The ratio between the two was 1.79, whereas, the net money flow stood at a healthy $44.29 million on Thursdays session.The block trades show a bullish bias with only $1.06 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $44.47million worth of trades. The up-down ratio between the uptick and downtick was 42.06, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $43.42 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.6%. The stock was trading at $69.3, with a drop of $0.42 over the previous days close. The stock recorded 0.41% for the week.


Altria Group (MO) : 6 investment research analysts covering Altria Group (MO) have an average price target of $69 for the near short term. The highest target price given by the Brokerage Firm to the stock is $74 and the lowest target is $62 for the short term. Analysts expect the variance to be within $4.15 of the average price. The stock has recorded a 20-day Moving Average of 3.8% and the 50-Day Moving Average is 7.3%.

Altria Group (NYSE:MO): The stock opened at $69.90 on Thursday but the bulls could not build on the opening and the stock topped out at $69.95 for the day. The stock traded down to $69.25 during the day, due to lack of any buying support eventually closed down at $69.30 with a loss of -0.60% for the day. The stock had closed at $69.72 on the previous day. The total traded volume was 5,330,894 shares.

Altria Group, Inc. is a holding company. The Companys reportable segments include smokeable products, smokeless products and wine. As of December 31, 2014, Altria Group, Inc.s wholly owned subsidiaries included Philip Morris USA Inc. (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co. (Middleton), which is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco, and is a wholly owned subsidiary of PM USA, and UST LLC (UST), which through its wholly owned subsidiaries, including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle) is engaged in the manufacture and sale of smokeless products and wine.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.