Large Inflow of Money Detected in Altria Group

Altria Group (MO) : Altria Group (MO) had a healthy money flow of $3.02 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $33.45 million, whereas, investors only sold shares worth $30.44 million on downticks. The stock closed the day with an up-down ratio of 1.1.The money flow in the block trades to the tune of $2.34 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $3.82 million worth of transactions were on upticks. A paltry $1.49 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 2.57. Altria Group (MO) stock slid $0.31 intraday and traded at 65.79, a change of -0.47% over previous days close. However, for the week, the company shares are -0.06% compared to previous weeks close.


Also, UBS maintains its view on Altria Group (NYSE:MO) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. UBS raises the price target from $68 per share to $69 per share on Altria Group. The rating by the firm was issued on July 28, 2016.

Altria Group, Inc. has lost 0.87% in the last five trading days and dropped 2.62% in the last 4 weeks. Altria Group, Inc. is up 3.26% in the last 3-month period. Year-to-Date the stock performance stands at 15.18%.

Altria Group (NYSE:MO): The stock opened at $66.12 on Tuesday but the bulls could not build on the opening and the stock topped out at $66.24 for the day. The stock traded down to $65.76 during the day, due to lack of any buying support eventually closed down at $65.88 with a loss of -0.33% for the day. The stock had closed at $66.10 on the previous day. The total traded volume was 3,865,648 shares.

In a related news, The Securities and Exchange Commission has divulged that Whitaker Charles N., officer (SVP HR Compliance InfoSvcs&CCO) of Altria Group, Inc., had unloaded 11,000 shares at an average price of $66.53 in a transaction dated on August 4, 2016. The total value of the transaction was worth $731,830.

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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