Why British American Tobacco Stock Got Torched Today
Shares of British American Tobacco (NYSE: BTI) were getting crushed like a pack of cigarettes today after the tobacco giant took a massive write-down on its "U.S. combustibles industry," which refers to smokeable products like cigarettes.
As a result, the tobacco stock was down 8.6% as of 1:31 p.m. ET.
Image source: Getty Images.
Source Fool.com
