Why Altria Stock Was Sliding Today
Shares of Altria (NYSE: MO) fell today after the company was sued by the Federal Trade Commission over its acquisition of a minority stake in Juul Labs in 2018. The agency wants the Marlboro maker to unwind its investment in the e-cigarette company, alleging that the deal eliminated competition and violated antitrust laws.
As a result, shares of Altria closed down 3.7% today after sinking as much as 6.2% during the session.
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Source Fool.com
