Altria Group Stock Rises Amid Slower Than Expected Decline in Traditional Cigarette Sales
Altria Group's stock rose nearly 3% on Tuesday as the company performed better than its peers amid a slower-than-expected decline in traditional cigarette sales. Barclays reported a 4.3% to 5.5% year-over-year decline in cigarette volumes, which was less severe than anticipated, helping Altria's stock outperform others in the sector.
Topics: Altria Group cigarette sales decline market analysis tobacco industry traditional cigarettes