I haven't checked this stock for a long time, apparently. Could someone tell me what happened in Mar/Apr 2009 to hammer the stock price? This wasn't a stock split or it would have been adjusted in the stock chart by now. Thanks.
It was the spin-off of Philip Morris International. The value of Altria stock fell by the value of the new stock issued (more or less).Detailed explanation:http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzMwNDR8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1Some other information:http://investor.altria.com/phoenix.zhtml?c=80855&p=irol-faq&src=breadcrumbs