Altria Group Inc (MO) Options Trading Volume Hits 54,022 Contracts, 50.5% of Average Daily Volume
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
- Active Options Trading: Altria Group Inc (MO) recorded an options trading volume of 54,022 contracts today, equivalent to approximately 5.4 million shares, representing 50.5% of its average daily trading volume over the past month, indicating heightened market interest in its future performance.
- High Strike Call Options: Notably, the $61 strike call option expiring on January 16, 2026, has seen a trading volume of 23,957 contracts, representing about 2.4 million underlying shares, suggesting increased investor expectations for the stock's price appreciation.
- Comparative Market Activity: In comparison, Block Inc (XYZ) experienced an options trading volume of 27,163 contracts today, equivalent to approximately 2.7 million shares, also accounting for 50% of its average daily trading volume, indicating significant market attention towards the company as well.
- Bullish Call Option Trends: The $70 strike call option for XYZ has shown notable activity with a trading volume of 3,156 contracts, representing approximately 315,600 shares, reflecting optimistic investor sentiment regarding its future price trajectory.
Analyst Views on MO
Wall Street analysts forecast MO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MO is 65.60 USD with a low forecast of 57.00 USD and a high forecast of 72.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
3 Buy
2 Hold
1 Sell
Moderate Buy
Current: 60.150
Low
57.00
Averages
65.60
High
72.00
Current: 60.150
Low
57.00
Averages
65.60
High
72.00
About MO
Altria Group, Inc. operates a portfolio of tobacco products for United States tobacco consumers aged 21+. Its segments include smokeable products and oral tobacco products. The smokeable products segment consists of combustible cigarettes and machine-made large cigars. The oral tobacco products segment includes moist smokeless tobacco (MST) products and oral nicotine pouches. Its wholly owned subsidiaries include manufacturers of both combustible and smoke-free products. In combustibles, it owns Philip Morris USA Inc. (PM USA), and John Middleton Co. (Middleton), which are cigarette manufacturers. Its smoke-free portfolio includes ownership of U.S. Smokeless Tobacco Company LLC (USSTC), a global MST manufacturer, Helix Innovations LLC (Helix), a manufacturer of oral nicotine pouches, and NJOY, LLC (NJOY), an e-vapor manufacturer with a commercialized product portfolio. The brand portfolios of its operating companies include Marlboro, Black & Mild, Copenhagen, Skoal, on! and NJOY.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
