Altria Stock Drops: Inflation Forces Smokers to Ditch Marlboros
Altria Group, Inc. (NYSE: MO ) stock slid on Thursday after the company’s mixed quarterly results. Inflationary pressure and weaker discretionary spending pushed some smokers toward cheaper cigarette options, weighing on premium brands such as Marlboro. • Altria Group stock is taking a hit today. What’s pressuring MO s