Why Altria Stock Is Sinking Today
Altria Group (NYSE: MO) stock is seeing a significant pullback in Wednesday's trading despite positive momentum for the broader market. The tobacco giant's share price was down 4.1% as of 2:30 p.m. ET. Meanwhile, the S&P 500 was up 0.3%. The stock had been down as much as 4.5% earlier in trading.
Altria is getting hit with sell-offs today after Jefferies initiated coverage on the stock with a negative rating. Despite the pullback, Altria stock is still up roughly 24% over the last year.
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Source Fool.com
