MO stock has been stuttering in recent weeks due to Altria’s (NYSE:MO) stake in Juul, the company at the forefront of the vaping crisis, after the e-cigarette manufacturer announced it was cutting up to 500 jobs, as well as an executive shakeup.
Altria purchased a 35% stake in Juul, which accounts for about 70% of the e-cigarette market, for $12.8 billion USD less than a year ago. However, the onset of the vaping crisis, which has claimed 36 lives in the US and hospitalized over 1000 people, has wreaked havoc on that venture with MO stock ...
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