U.S. markets closed
  • S&P 500

    3,901.36
    +0.57 (+0.01%)
     
  • Dow 30

    31,261.90
    +8.77 (+0.03%)
     
  • Nasdaq

    11,354.62
    -33.88 (-0.30%)
     
  • Russell 2000

    1,773.27
    -2.96 (-0.17%)
     
  • Crude Oil

    110.35
    +0.46 (+0.42%)
     
  • Gold

    1,845.10
    +3.90 (+0.21%)
     
  • Silver

    21.76
    -0.14 (-0.65%)
     
  • EUR/USD

    1.0562
    -0.0026 (-0.24%)
     
  • 10-Yr Bond

    2.7870
    -0.0680 (-2.38%)
     
  • GBP/USD

    1.2495
    +0.0020 (+0.16%)
     
  • USD/JPY

    127.8500
    +0.0560 (+0.04%)
     
  • BTC-USD

    29,870.01
    +368.09 (+1.25%)
     
  • CMC Crypto 200

    650.34
    -23.03 (-3.42%)
     
  • FTSE 100

    7,389.98
    +87.24 (+1.19%)
     
  • Nikkei 225

    26,739.03
    +336.19 (+1.27%)
     

Why Altria Was Smoking the Market With a 10% Gain in December

·3 min read
Why Altria Was Smoking the Market With a 10% Gain in December
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

After losing nearly one-fifth of its value between March and the end of November last year, Altria (NYSE: MO) began marching higher beginning Dec. 1 and hasn't looked back since. According to data from S&P Global Market Intelligence, the tobacco giant enjoyed a one-month gain of 11.1% in December and is up another 5% so far in 2022. There was no specific company news to account for the run up in Altria's shares, but the tobacco company was trading at a relative discount and it had reported a better-than-expected third-quarter earnings result.