Why Altria Group, Inc. Stock Dropped 13% Last Month
Shares of Altria Group (NYSE: MO) were getting smoked last month after the tobacco giant turned in an underwhelming earnings report and reacted to surprising news from the Food and Drug Administration. According to the data from S&P Global Market Intelligence, the stock finished down 12.8%.
As the chart below shows, those losses came almost entirely at the end of the month after the company reported earnings.
Source: Fool.com