Large Inflow of Money Detected in Altria Group

Altria Group (MO) : Investors lapped up stocks on upticks to the tune of $55.9 million in the Wednesdays trading session. The trading value on downticks was comparatively at $43.3 million and the uptick to downtick ratio of 1.29 indicates continuous buying by the bulls. The net money flow into the stock was $12.59 million. The block trades were dominated by the bulls with a healthy 5.48, uptick to downtick ratio. Only $2.02 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $11.07 clearly indicating buying by large investors. The total money flow for block trades stood at $9.05 million, which is a positive for the stock in the long-term. Altria Group (MO) fell $0.21 during the day at $69.01, a drop of -0.3% over the previous days close. However, for the week, the stock is -0.58%, compared to the previous week.


Also, Berenberg initiates coverage on Altria Group (NYSE:MO). The rating major has initiated the coverage with buy rating on the shares. The rating by the firm was issued on June 14, 2016.

Altria Group (NYSE:MO): The stock opened at $69.24 on Wednesday but the bulls could not build on the opening and the stock topped out at $69.36 for the day. The stock traded down to $68.86 during the day, due to lack of any buying support eventually closed down at $69.01 with a loss of -0.30% for the day. The stock had closed at $69.22 on the previous day. The total traded volume was 4,272,271 shares.

The stock has recorded a 20-day Moving Average of 0.72% and the 50-Day Moving Average is 4.73%. 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.

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