British American Tobacco Stock – Altria Group Inc. stock falls Wednesday, underperforms market
Shares of Altria Group Inc.
sank 0.38% to $49.42 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
rising 0.19% to 4,195.99 and the Dow Jones Industrial Average
rising 0.03% to 34,323.05. This was the stock’s second consecutive day of losses. Altria Group Inc. closed $3.17 below its 52-week high ($52.59), which the company reached on March 26th.
The stock underperformed when compared to some of its competitors Wednesday, as Philip Morris International Inc.
fell 0.22% to $97.31, British American Tobacco PLC ADR
rose 0.41% to $39.53, and Imperial Brands PLC ADR
rose 0.84% to $24.07. Trading volume (7.1 M) remained 2.9 million below its 50-day average volume of 10.0 M.