Altria Stock Reaches 52-Week High: Time to Capitalize or Wait?

Altria Group, Inc. (MO) has been making waves in the market, with its stock hitting a new 52-week high of $58.04 on Wednesday before pulling back to close at $57.65, still near its peak. The leading tobacco giant has been on a remarkable run in 2024, with its stock gaining 43.1% year to date (YTD). This growth has outpaced the 36.4% rise of the Zacks Tobacco industry, attracting attention from investors. In comparison, the broader Zacks Consumer Staples sector has rallied by 5.8% and the S&P 500 has grown 2 ...