Do Traders Think Altria Group Inc (MO) Can Turn Around Tuesday?

The market has been down on Altria Group Inc (MO) stock recently. MO gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

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

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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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With MO Stock Today?

Altria Group Inc (MO) stock is trading at $43.33 as of 11:17 AM on Tuesday, Mar 26, an increase of $0.10, or 0.22% from the previous closing price of $43.23. The stock has traded between $43.09 and $43.40 so far today. Volume today is less active than usual. So far 1,580,131 shares have traded compared to average volume of 14,169,167 shares.

More About Altria Group Inc

Altria comprises Philip Morris USA, U.S. Smokeless Tobacco, John Middleton, Helix Innovations, and Philip Morris Capital, although the company plans to wind down Philip Morris Capital by the end of 2022. It holds a 10% 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. Altria holds strategic investments in JUUL Labs (35% economic interest) and Cronos (42%). Click Here to get the full Stock Report for Altria Group Inc stock.