Altria (MO) has been benefiting from its Oral Tobacco Products and strong pricing power. However, soft volumes in the Smokeable Products segment are a concern.
E-cigarette company Juul Labs Inc and its former largest investor, Marlboro maker Altria Group Inc, will face their first U.S. trial this week over claims that they created a public nuisance by marketing addictive e-cigarettes to minors. Minnesota seeks to force the companies to pay for measures to remedy the harms of addiction. It says Juul sold its e-cigarettes in sweet flavors and promoted them on social media to appeal to underage consumers.
In the latest trading session, Altria (MO) closed at $43.97, marking a +1.17% move from the previous day.