Why Altria Stock Is Sinking Today
Investors are seeing warning signs in Altria's Q2 report.
Overview
Altria (NYSE: MO) stock is seeing a pullback on Thursday following the company's latest quarterly report. The tobacco giant's share price was down 9.3% as of 12:25 p.m. ET. At the same point in the day's trading, the S&P 500 index was up 1.3%.
While the broader market is seeing a rebound after yesterday's rout, Altria isn't participating in the bullish momentum. The company's Q2 report arrived with more volume declines for its smokable segment, and investors are selling out of the stock today.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.