Why Altria Shares Were Getting Smoked Today
Shares of Altria (NYSE: MO) were heading lower today as the Marlboro-maker has reported a number of negative news items in recent days. Those include marijuana grower Cronos Group (NASDAQ: CRON), in which it has a 45% stake, receiving an SEC inquiry, Altria's CEO testing positive with coronavirus, and the temporary suspension of operations at its Richmond, Virginia, manufacturing facility.
As a result, the stock was down 7% as of 12:17 p.m. EDT, compared to a 3.9% decline in the S&P 500 at the same time.
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Source Fool.com
