Why Altria Stock Lost 21% in the First Half of 2020
Shares of Altria Group (NYSE: MO) have gone up in smoke this year as the domestic Marlboro maker fell early in the year after it took another impairment on its Juul Labs stake and then got slammed by the coronavirus pandemic. According to data from S&P Global Market Intelligence, the stock has slipped 21% through the first six months of the year.
As you can see from the chart below, the stock fell steadily through the first three months of 2020 and has been unable to recover those losses even as the broader market has bounced back.
Source Fool.com