Tobacco Shares Move Up Following News of White House Meeting
November 20 2019 - 2:56PM
Dow Jones News
By Stephen Nakrosis
Shares of tobacco companies are trading higher in U.S. markets
Wednesday, following an announcement from The White House that
President Donald Trump plans to meet Friday with parties on both
sides of the vaping debate.
Around 2:15 p.m. EST, shares of Altria Group Inc. (MO) were
trading 3.4% higher at $48.52. Shares opened at $46.79 and traded
as low as $46.64 before reversing losses. American depository
receipts of British American Tobacco PLC (BTI) were trading 3.16%
higher on the Nasdaq at $38.40. Shares opened at $36.85 and had
moved slightly into the red earlier in the session. Philip Morris
Intl. (PM) shares were slightly higher, gaining 0.41% to trade at
$83.80. They had also dipped below their opening price earlier in
the day before recovering.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
November 20, 2019 14:41 ET (19:41 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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