Large Outflow of Money Witnessed in Philip Morris International Inc

Philip Morris International Inc (PM) : Net money flow in Philip Morris International Inc (PM) was negative ($16.03 million) and the inflow of money on uptick was $45.58 million, whereas, the outflow of money on downticks amounted to $61.61 million on Friday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.74. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $1.4 million. On the other hand, the total value of block trades done on downticks was $17.02 million. The ratio of uptick to downtick block trades was 0.08. The money flow in block trades was negative ($15.62). Philip Morris International Inc (PM) gained $0.4 cent during the day and reached $99.82, a gain of 0.4% over the previous day.


Philip Morris International Inc (PM) : The highest short term price target forecast on Philip Morris International Inc (PM) is $115 and the lowest target price is $98. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $108.67 with a standard deviation of $5.65.

Philip Morris International Inc (NYSE:PM): stock turned positive on Friday. Though the stock opened at $99.32, the bulls momentum made the stock top out at $99.91 level for the day. The stock recorded a low of $99.24 and closed the trading day at $99.84, in the green by 0.42%. The total traded volume for the day was 3,843,551. The stock had closed at $99.42 in the previous days trading.

In a related news, 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.

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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