Altria Group Stock Rises Amid Slower Than Expected Decline in Tobacco Sales
Altria Group's stock rose nearly 3% on Tuesday as a new report showed a slower-than-expected decline in traditional cigarette sales compared to its peers. Barclays reported a 4.7% year-over-year drop in Altria's cigarette volumes, which was less severe than the 7.3% decline estimated by the bank, while competitors like British American Tobacco and Imperial Brands saw much steeper declines.
Topics: Altria Group Barclays report market performance stock price tobacco industry