$56.70 is the high that MO is setting up to challenge. Once it passes the 50 day at $52.96, it should be easy to get there.
Hold on for the ride, cuz things are looking like the share price is headed to challenge that 05/13 high, and may even see PAR later this year. Nice, very nicely managed company with shareholder value always in play. One of the best sin stocks as far as performance goes, JMO.
Sentiment: Strong Buy
I agree. It's oversold.....I'm starting a Long position at this level. Let's see what next week brings.
Shorts have to be covering, feeling major pain today. Any dividend has to be covered by them adding to the pain. OUCH, S**t, D*mn, and stronger have to be giving them fits. Over 80 million shares traded today already, with 2 1/2 hrs to go. A normal day is usually less than 3 million shares. WoW!!!!!!
The $16.50 special divy is built in to the merger price.
Heck, the 52 wk HIGH was at $67.74. They want to steal the company. The premium paid over the high would only be $3.26 a share? C'mon folks, get serious with a decent offer.
Anyone looking at the $80 calls expiring this Fri. should be careful. With a spread between Bid and Ask at $2.25, and low OI, I see the very real possibility of SAFM closing out the week below the strike price. JMO.
England is voting on plain packaging for cig companies today, similar to what Australia passed. The result is undoubtedly a reason for the strong moves in share price.