This Is What Whales Are Betting On Altria Group
Portfolio Pulse from Benzinga Insights
Whales have shown a bullish stance on Altria Group (NYSE:MO), with unusual options activity indicating a split sentiment of 70% bullish and 30% bearish. The activity suggests a price target range of $22.5 to $60.0. Altria Group, a leading tobacco company, has seen its stock price slightly decrease, with an earnings announcement expected soon. Analyst opinions on MO are mixed, with target prices ranging from $36 to $50.
April 11, 2024 | 6:01 pm
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Unusual options activity in Altria Group suggests a bullish sentiment among large investors, with a price target range of $22.5 to $60.0. Mixed analyst ratings and an upcoming earnings announcement could influence MO's stock price.
The unusual options activity, particularly the bullish sentiment among large investors, suggests an anticipation of positive movement for MO's stock. The mixed analyst ratings provide a broad range of expected outcomes, but the upcoming earnings announcement is likely to be a significant driver of short-term price movement. Given the company's market position and recent activities, investor interest is high, making this news particularly relevant.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100