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Turning Point Brands named a new CEO and cut its full-year outlook on Monday. Altria Group shares dropped 1.4%, and Philip Morris International stock fell 1% on the news. London-traded British American Tobacco shares declined 0.5%.
Universal Corp just cratered to a fresh 52-week low while rival tobacco stocks barely flinched, raising an urgent question about whether this leaf tobacco supplier is facing a problem all its own.
Philip Morris International (NYSE:PM) is back in focus after Brazil’s landmark public health lawsuit moved a step closer to a liability ruling, putting long running legal risks alongside fresh investment and earnings data. See our latest analysis for Philip Morris International. The share price of Philip Morris International has pulled back in the past week with a 7 day share price return of 6.6% in the red, even after a 90 day share price return of 9.6% and a 1 year total shareholder return...
Stock Market Today: The Dow Jones index dropped Friday as Netflix stock plunged on earnings. SpaceX shares sold off on a canceled test flight.
PMI lowered EPS guidance while BAT maintained low-end profit growth expectations.
Altria Group has underperformed the Dow Jones over the past year, and analysts remain moderately optimistic about the stock’s outlook.
Philip Morris has trailed behind the Dow Jones Industrial Average over the past year, and analysts remain moderately optimistic about the stock’s prospects.
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