Large Inflow of Money Witnessed in Philip Morris International Inc

Philip Morris International Inc (PM) : Thursdays money flow points at investors jumping to buy the stock on the weakness of price. $16.38 million worth of transactions were on upticks, whereas, the downticks accounted for $15.49 million worth of transactions. The net money flow was a positive $0.89 million and the uptick to downtick ratio was 1.06. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 1.95 in their favor. The net money flow into the stock was $1.95 million. The value of block trades done on downticks was only $2.05 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $4 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Philip Morris International Inc (PM) was trading at $102.35, down $0.01 during day. The stock slid -0.01% over the previous days close. For the week, the stock recorded 1.06% over the previous weeks close.


Philip Morris International Inc (PM) : 7 Wall Street analysts covering Philip Morris International Inc (PM) believe that the average level the stock could reach for the short term is $107.57. The maximum price target given is $110 and the minimum target for short term is around $98, hence the standard deviation is calculated at $4.47. The stock has recorded a 20-day Moving Average of 1.64% and the 50-Day Moving Average is 2.69%.

Philip Morris International Inc (NYSE:PM): The stock opened at $102.58 on Thursday but the bulls could not build on the opening and the stock topped out at $102.91 for the day. The stock traded down to $101.66 during the day, due to lack of any buying support eventually closed down at $101.78 with a loss of -0.57% for the day. The stock had closed at $102.36 on the previous day. The total traded volume was 3,142,961 shares.

Philip Morris International Inc. is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Companys products are sold in more than 180 markets, which include a range of international and local, premium, mid-price and low-price brands. Its premium price brands include Marlboro, Merit, Parliament and Virginia Slims; mid-price brands are L&M and Chesterfield, and international brands include Bond Street, Lark, Muratti, Next, Philip Morris and Red & White. Its local cigarette brands consist of Sampoerna, Dji Sam Soe and U Mild in Indonesia; Fortune, Champion and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.

Comments (0)

Leave a Reply

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