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Marlboro maker Altria Group Inc.’s first-quarter net income increased 15 percent in on lower costs and higher prices, even though it sold fewer cigarettes. The owner of the nation’s biggest cigarette maker, Philip Morris USA, said Wednesday that it earned $937 million, or 45 cents per share, for the period ended March 31. That’s up [...]
Posts Tagged ‘Altria’
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Cigarette Company Continues to Trade Lower: Options
Posted by admin on June 12th, 2017
Bearish options showed some interesting volume in Altria yesterday as the cigarette company continued to push lower. More than 66,000 puts traded in the name, about 11 times more than average. That compares with fewer than 9,400 calls, so the bears were clearly running the show. The July 19 contracts traded 43,603 times, mostly for $0.29 [...]
