Altria
Group, Inc. is a company that was founded in 1919 in Richmond, VA. The company
is famous for producing and distributing the tobacco products all around the
world. There are four segments through which the company is operating. These
are as follows: Smokeless Products, Wine, Smokeable Products, and Financial
Services.
The
company has recently decided to expand its line of products by introducing new
varieties in the e cigarettes. The Green smoke acquisition led by the firm will
add diversification in the products of Altria Group. This has resulted in the
rise of Altria stock price, because the investors have realized the real motive
of expansion planned by the company. The company’s involvement in the
production of e cigarettes will also give a tough competition to other
competitors who entered in this production way before Altria group. It will increase the stock performance of
various companies that fall in healthcare sector as Cerner Stock. This is due to
the strong reputation of the latter in tobacco industry.
The MO stock price
today is $37.58 with an average change of $0.19. The 52-week high and low stock
prices of the firm are $38.58 and $33.13. The average volume of the stocks
being traded currently in the stock market is 2,206,642. These statistics
suggest that the company has the potential to grow further by expanding its
line of products.
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