Why Altria Stock Lost 12% in 2023
MOAltria(MO) The Motley Fool·2024-01-12 03:53

While the rest of the stock market was on fire last year, Altria (MO 0.83%) was turning to ashes. Shares of the Marlboro maker fell 12%, according to data from S&P Global Market Intelligence, as its strong dividend wasn't enough to attract investors to a business model that many think is in an inevitable decline. There was no singular piece of news that pushed Altria stock lower last year, but mostly disappointing earnings reports and a revelation by rival British American Tobacco at the end of the year led ...