StockCall.com Provides Stock Research on Altria Group Inc., Philip Morris International Inc., Lorillard Inc., and Reynolds American Inc.
New York City, New York -- (May 13, 2013)
Cigarette manufacturers continue to face significant challenges as governments across the world continue to introduce new regulations to curb smoking. Several countries have banned smoking in public places, and also placed limitation on advertising of tobacco products. These efforts have been paying off, especially in the developed world, where demand for tobacco products has fallen. Cigarette manufacturers, as a result, have been focusing on developing world, which has been the key growth driver in recent years. Going forward, the developing world will remain the main focus area for cigarette makers. Shares of cigarette manufacturers ended mostly higher on Friday, tracking gains in the broad market. Among the major movers were Altria Group Inc. (NYSE: MO), Philip Morris International Inc. (NYSE: PM), Lorillard Inc. (NYSE: LO), and Reynolds American Inc. (NYSE: RAI). StockCall free coverage on MO, PM, LO, and RAI is available upon registration at
Shares of Altria Group Inc. edged higher on Friday. The stock rose to an intraday high of $36.73 before finishing the day 0.91% higher at $36.68 on volume of 5.89 million. Shares of MO are currently trading close to their 52-week high of $36.90. The stock is currently trading above its 50-day and 200-day moving averages which is a bullish signal. Year-to-date, the company’s shares have gained more than 18.10%, compared to a gain of over 14.50% for the S&P 500. Download the free technical research on MO by signing up at
Shares of Philip Morris International Inc. edged lower on Friday even as the broad market rallied. The stock closed 0.42% lower at $93.32 on above average volume of 5.36 million after trading between $93 and $94.10. Shares of PM are currently trading more than 3.50% below their 52-week high. The stock is currently trading close to $93 support level. Its MACD chart suggests that market sentiment has recently turned bearish. This is also confirmed by recent volume activity. Register now and get access to the free analysis on PM at
Shares of Lorillard Inc. ended marginally higher in Friday’s trading session. The stock closed 0.72% higher at $43.08 on volume of 1.68 million after touching an intraday high of $43.13. Despite the gains at the end of the last session for the prior week, Lorillard’s shares have fallen 0.25% in the last three trading days. Year-to-date, the stock has gained 12.30%. In the last two weeks, shares of LO have traded in a very tight range. The stock’s MACD has just crossed below the signal line which is a bearish signal. Sign up and read the complimentary report on LO at
Shares of Reynolds American Inc. edged higher in trading on Friday. The stock closed 0.65% higher at $47.78 on volume of 892,300 after touching an intraday high of $47.91. Reynolds American’s shares are currently trading close to their 52-week high of $47.95. The stock has been facing stiff resistance at around $48. The company’s shares have outperformed the broad market in 2013, gaining nearly 16.90%. The stock is currently trading well above its 50-day and 200-day moving averages. However, the stock’s MACD chart suggests that market sentiment has turned bearish recently. The free report on RAI can be downloaded by signing up now at
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William T. Knight
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