Is Altria Group Inc (MO) Stock About to Get Hot Monday?

Monday, August 30, 2021 01:18 PM | InvestorsObserver Analysts

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Altria Group Inc (MO) stock is higher by 2.78% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Altria Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MO!
See Full MO Report

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With MO Stock Today?

Altria Group Inc (MO) stock is trading at $49.83 as of 1:12 PM on Monday, Aug 30, an increase of $0.30, or 0.61% from the previous closing price of $49.53. The stock has traded between $49.37 and $49.92 so far today. Volume today is less active than usual. So far 3,012,804 shares have traded compared to average volume of 5,477,067 shares.

More About Altria Group Inc

Altria comprises Philip Morris USA, U.S. Smokeless Tobacco, John Middleton, Ste. Michelle Wine Estates, Nu-Mark, and Philip Morris Capital, although the company plans to wind down Philip Morris Capital by the end of 2022. It holds a 10.2% interest in the world's largest brewer, Anheuser-Busch InBev. Through its tobacco subsidiaries, Altria holds the leading position in cigarettes and smokeless tobacco in the United States and the number-two spot in machine-made cigars. The company's Marlboro brand is the leading cigarette brand in the U.S. with a 43% share in 2020. Click Here to get the full Stock Report for Altria Group Inc stock.

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