Shares of Altria Group Inc. MO, 0.88% shed 0.80% to $48.64 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, 0.05% falling 1.94% to 4,700.58 and Dow Jones Industrial Average DJIA, -0.23% falling 1.07% to 36,407.11. The stock’s fall snapped a three-day winning streak. Altria Group Inc. closed $3.95 below its 52-week high ($52.59), which the company achieved on March 26th.
The stock underperformed when compared to some of its competitors Wednesday, as Philip Morris International Inc. PM, 0.99% fell 0.40% to $95.95, British American Tobacco PLC ADR BTI, 0.76% rose 0.81% to $38.39, and Imperial Brands PLC ADR IMBBY, +0.42% rose 0.58% to $22.57. Trading volume (11.3 M) eclipsed its 50-day average volume of 8.1 M.