Altria Stock Up Sharply On Legal Victory
07/06/2006
Shares of Altria Group Inc. (ticker: MO)
rose 6.04% today on extremely heavy trading volume after it
was announced that the Florida
Supreme Court ruled in favor of tobacco companies in the
Engle class-action case. More than 52 million shares of Altria
traded hands today, an amount that is 550% above normal for
the company.
Altria Group is part of our Bear
Market Portfolio and our High-Dividend
Blue Chip Stock Portfolio. Since being added to the High-Dividend
portfolio, Altria's shares have risen 195.4%. Naturally, this
assumes reinvestment of Altria's hefty dividend.
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