Actionable news
All posts from Actionable news
Actionable news in MO: ALTRIA GROUP Inc,

Altria (MO) Stock Falls on E-Cig Regulations Concerns

NEW YORK (TheStreet) -- Altria Group (MO - Get Report) stock is slumping by 3.01% to $61.90 on heavy trading volume this afternoon, as shares of tobacco companies retreat on concerns about anticipated e-cigarette regulations.

The primary worry is that the final regulations will restrict innovation, which is "crucial for long-term success in this category," Wells Fargo analysts wrote in a note, according to Barron's. However, if anything, growth will probably slow rather than stop altogether.

"In our opinion, this reaction is overdone and we encourage investors to take advantage of the weakness and buy the stocks," the firm...