Why British American Tobacco Stock Fell 10.2% in October
Shares of British American Tobacco (NYSE: BTI) dipped 10.2% in October, according to data from S&P Global Market Intelligence. The stock fell after new data on the number of vaping-related deaths and illnesses was published.
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The U.S. Centers for Disease Control and Prevention (CDC) released a report on Oct. 3 that stated that the incidence of vaping related illnesses in the country had risen to more than 1,000 and that the death toll connected to these illnesses was now at least 18. The next day, the CDC published another report -- raising its death-toll estimate to at least 19 and hiking its projected number of vaping-related injuries to 1,080.
Source Fool.com
