cigarettes

Shares of the big three tobacco stocks continued trading lower after Nielsen data published Tuesday showed a drop in cigarette sales for the four-week period ended May 18. Earlier Tuesday morning, Philip Morris International (NYSE: PM) said “World No Tabacco Day” should be “World...

Senate Majority Leader Mitch McConnell said Thursday he’ll introduce legislation to raise the legal age to buy tobacco to 21. McConnell, a Republican who represents the traditional tobacco-producing state of Kentucky, said raising the age from 18 will be a top priority for the Senate when it...

U.S. Food and Drug Commissioner Scott Gottlieb is resigning, The Washington Post reported Tuesday afternoon. Gottlieb, a physician, former banker and venture capitalist, had made youth vaping his focal issue on the FDA. A former advisor to pharmaceutical companies, Gottlieb was initially criticized...

Tobacco giants Altria Group Inc (NYSE: MO) and Philip Morris International Inc. (NYSE: PM) are raising prices on all of their cigarette brands, and investors should take this as a positive, according to Wells Fargo. The Analyst Wells Fargo's Bonnie Herzog maintains an Outperform rating on...

Altria Group Inc (NYSE: MO) announced a $12.8-billion minority stake in Juul Thursday. The stock has fallen since traders began digesting the deal, but many analysts maintain that the investment improves Altria’s positioning in a tough regulatory environment as consumer preferences shift....

Shares of Cronos Group Inc (NASDAQ: CRON) soared 25 percent Friday morning after the Canada-based cannabis company confirmed it received a C$2.4 billion ($1.8 billion) investment from cigarette company Altria Group Inc (NYSE: MO). Rumors of a potential acquisition between the two companies were...

Shares of Canada-based Cronos Group Inc (NASDAQ: CRON) soared higher by 25 percent Monday after Reuters reported the cannabis company could be an acquisition target. What Happened Cigarette maker Altria Group Inc (NYSE: MO) is in early talks to buy Cronos as part of a strategy to diversify itself...

Shares of cigarette maker Philip Morris International Inc. (NYSE: PM) have underperformed the broader market over the past year, but the stock is now trading at an attractive level, according to Argus. The Analyst Analyst David Coleman upgraded Philip Morris from Hold to Buy with a new $...

Philip Morris International Inc. (NYSE: PM) reported second-quarter results Thursday that prompted Cowen drop its bullish stance on the cigarette maker.  The Analyst Cowen's Vivien Azer downgraded Philip Morris from Outperform to Market Perform with a price target lowered...

What Happened The U.S. Food and Drug Administration announced March 15 an Advance Notice of Proposed Rulemaking (ANPRM) to procure information to help set the maximum nicotine level for cigarettes to non-addictive levels. 22nd Century Group Inc (NYSE: XXII), Philip Morris International Inc. (NYSE...

The tax reform bill backed by Congressional Republicans could be ready for President Donald Trump's signature as early as Tuesday. If it becomes law, tax reform could benefit tobacco companies who pay high taxes like Altria Group Inc (NYSE: MO), according to Berenberg.  The...

“Altria, R.J. Reynolds Tobacco, Lorillard, and Philip Morris USA intentionally designed cigarettes to make them more addictive” — according to new ads sponsored by Altria Group Inc (NYSE: MO) and British American Tobacco PLC (ADR) (NYSE: BTI). Yes, it’s strategically...

It’s been a rough summer for the tobacco industry. After the U.S. Food and Drug Administration announced plans to limit nicotine intake, the New York City Council voted Thursday to raise the price of cigarettes, halve the number of licensed retailers and, in a move causing more widespread...

The U.S. Food and Drug Administration's policy shift on tobacco and nicotine regulation initially resulted in a 20-percent plunge in Altria Group Inc (NYSE: MO), the parent company of notable cigarette brands including Philip Morris. Needless to say, the FDA's crackdown on nicotine products is a...

Analysts warned investors Friday not to overreact to a Food and Drug Administration edict to cut nicotine in cigarettes to non-addictive levels, saying it actually may be good for Big Tobacco’s profits. Regardless, shares of cigarette manufacturers plummeted when the FDA announcement came...