Why Altria Stock Lost 15% in October
Shares of Altria (NYSE: MO) were heading lower last month as the Marlboro-maker disappointed investors with its third-quarter earnings report.
Heading into the report at the end of the month, the stock was slumping, though there wasn't much news out on the stock. That may be a sign that investors thought the stock was overbought after it had soared earlier in the year.
According to data from S&P Global Market Intelligence, the stock fell 15%. As you can see from the chart below, that decline came primarily after the earnings report.
Source Fool.com
