|Day's range||1.0300 - 1.1500|
Altria (MO) closed at $44.50 in the latest trading session, marking a -0.04% move from the prior day.
The Zacks Tobacco industry players are seeing low cigarette sales and commodity cost inflation. However, a focus on low-risk products and solid pricing bode well for Philip Morris (PM), Altria Group (MO) and Turning Point Brands (TPB).
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.