Philip Morris International Chairman Andre Calantzopoulos Sells 101,918 Shares Of Stock At An Average Price Of $129.85/Share
Portfolio Pulse from Benzinga Newsdesk
Philip Morris International's Chairman, Andre Calantzopoulos, has sold 101,918 shares of the company's stock at an average price of $129.85 per share, as per an SEC filing.
October 25, 2024 | 8:24 pm
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NEGATIVE IMPACT
Philip Morris International's Chairman, Andre Calantzopoulos, sold 101,918 shares at $129.85 each. This insider selling might raise concerns among investors about the company's future prospects.
The sale of a significant number of shares by the company's chairman could be perceived negatively by investors, as it might indicate a lack of confidence in the company's short-term prospects. This could lead to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100