Will Green Smoke Acquisition Benefit Altria Group?

Altria Group, Inc. is a company that was founded in 1919 in Richmond, VA. The company is famous for producing and distributing the tobacco products all around the world. There are four segments through which the company is operating. These are as follows: Smokeless Products, Wine, Smokeable Products, and Financial Services. 

 

The company has recently decided to expand its line of products by introducing new varieties in the e cigarettes. The Green smoke acquisition led by the firm will add diversification in the products of Altria Group. This has resulted in the rise of Altria stock price, because the investors have realized the real motive of expansion planned by the company. The company’s involvement in the production of e cigarettes will also give a tough competition to other competitors who entered in this production way before Altria group.  It will increase the stock performance of various companies that fall in healthcare sector as Cerner Stock. This is due to the strong reputation of the latter in tobacco industry. 

The MO stock price today is $37.58 with an average change of $0.19. The 52-week high and low stock prices of the firm are $38.58 and $33.13. The average volume of the stocks being traded currently in the stock market is 2,206,642. These statistics suggest that the company has the potential to grow further by expanding its line of products.