After Plunging -8.92% in 4 Weeks, Here's Why the Trend Might Reverse for Altria (MO)
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Altria (MO) has experienced a significant decline of 8.92% over the past four weeks, placing it in oversold territory. This, combined with Wall Street analysts raising earnings estimates, suggests a potential trend reversal for the stock.
December 31, 2024 | 4:00 pm
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Altria's stock has dropped 8.92% in the last four weeks, entering oversold territory. Analysts are raising earnings estimates, indicating a potential trend reversal.
The stock's significant decline suggests it is oversold, which often precedes a price rebound. Additionally, the consensus among analysts to raise earnings estimates is a positive indicator for future performance, supporting the likelihood of a trend reversal.
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