Why Altria Stock Is Down More Than 8% Today
Altria Group Inc (NYSE: MO) shares are trading lower Wednesday following reports the U.S. Food and Drug Administration is preparing to remove Juul e-cigarettes from the U.S. market.
‘Biden administration is expected to move to cut nicotine in cigarettes’ – Washington Post
https://www.washingtonpost.com/health/2022/06/21/nicotine-cigarettes-biden-administration-cut/
Analyzing Altria Group’s Short Interest
Altria Group's (NYSE:MO) short percent of float has fallen 7.48% since its last report. The company recently reported that it has 17.92 million shares sold short, which is 0.99% of all regular shares that are available for trading.
Morgan Stanley Maintains Underweight on Altria Group, Lowers Price Target to $47
Morgan Stanley maintains Altria Group (NYSE:MO) with a Underweight and lowers the price target from $50 to $47.
Altria Group Whale Trades Spotted
A whale with a lot of money to spend has taken a noticeably bearish stance on Altria Group.
Looking at options history for Altria Group (NYSE:MO) we detected 20 strange trades.
Why Altria Stock Is Falling Today
Altria Group Inc (NYSE: MO) shares are trading lower Wednesday following bearish analyst coverage from Morgan Stanley.
Morgan Stanley Downgrades Altria Group On Growing Headwinds
Altria Group Inc (NYSE: MO) is likely to be adversely impacted by lower cigarette volumes due to rising gas and food prices, according to Morgan Stanley.