Large Inflow of Money Detected in Philip Morris International Inc

Philip Morris International Inc (PM) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $121.67 million worth of transactions were on upticks, whereas, the downticks accounted for $83.81 million worth of transactions. The net money flow was a positive $37.85 million and the uptick to downtick ratio was 1.45. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 8.83 in their favor. The net money flow into the stock was $34.7 million. The value of block trades done on downticks was only $4.43 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $39.13 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 $99.65, down $0.24 during day. The stock slid -0.24% over the previous days close. For the week, the stock recorded -3.84% over the previous weeks close.


Also, Major Brokerage house, JP Morgan upgrades its ratings on Philip Morris International Inc (NYSE:PM). According to the latest information available, the shares are now rated Overweight by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 17, 2016.

Philip Morris International Inc (NYSE:PM): The stock opened at $100.38 on Wednesday but the bulls could not build on the opening and the stock topped out at $101.10 for the day. The stock traded down to $99.52 during the day, due to lack of any buying support eventually closed down at $99.65 with a loss of -0.24% for the day. The stock had closed at $99.89 on the previous day. The total traded volume was 5,622,912 shares.

The stock has recorded a 20-day Moving Average of 1.75% and the 50-Day Moving Average is 0.42%. In a related news,The officer (Sr. VP & General Counsel) of Philip Morris International Inc., Firestone Marc S sold 18,000 shares at $97.06 on April 26, 2016. The Insider selling transaction had a total value worth of $1,747,080. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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