Philip Morris International Inc (NYSE:PM) has tumbled 0.56% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.74% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.63% and the outperformance has advanced to 1.81% for the last 4 weeks period.
Philip Morris International Inc (NYSE:PM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $100.36 and $99.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $101.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $100.73, notching a gain of 0.58% for the day. The total traded volume was 6,393,797 . The stock had closed at $100.15 on the previous day.
The company shares have rallied 21.17% from its 1 Year high price. On May 12, 2016, the shares registered one year high at $102.55 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $99.91 and the 200 Day Moving Average price is recorded at $94.32.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Firestone Marc S, officer (Sr. VP & General Counsel) of Philip Morris International Inc., had unloaded 18,000 shares at an average price of $97.06 in a transaction dated on April 26, 2016. The total value of the transaction was worth $1,747,080.
Many analysts have stated their opinion on the company shares. JP Morgan upgrades their rating on the shares of Philip Morris International Inc (NYSE:PM). The current rating of the shares is Overweight. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 17, 2016. Currently the company Insiders own 0.25% of Philip Morris International Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.96% . Institutional Investors own 73.64% of Philip Morris International Inc shares. During last six month period, the net percent change held by insiders has seen a change of -8.78%.
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.