Altria Group (MO) has risen sharply, recording gains of 6.13% in the past 4 weeks. However, the stock has corrected -0.6% 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 1.69% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 2.09% and the 50-Day Moving Average is 5.99%.
Altria Group (NYSE:MO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.17 and $68.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $69.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $69.41, notching a gain of 0.71% for the day. The total traded volume was 5,714,120 . The stock had closed at $68.92 on the previous day.
The company Insiders own 0.15% of Altria Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -8.88% . Institutional Investors own 62.85% of Altria Group shares. During last six month period, the net percent change held by insiders has seen a change of -8.88%. In a related news, Munoz George, director of Altria Group, Inc., unloaded 12,571 shares at an average price of $62.85 on May 20, 2016. The total amount of the transaction was worth $790,087, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.