BAT Stock Drops 1.2% Ending Six-Day Rally
According to a report from Seekingalpha, the share price of British American Tobacco (BAT) ended its six-day upward trend on January 9th, experiencing a 1.2% drop during afternoon trading and closing at a price of $30.20.
The company's stock price has risen by approximately 4.3% over the past six trading days. However, overall, the company's stock price has dropped by 24% in the past year, contrasting with the broader S&P 500 index which has seen a 22% increase. On January 8th, the company's shares closed at $30.57, marking a 0.9% increase. For British American Tobacco, the performance in December was mixed, with 11 trading days showing an increase and 9 trading days experiencing a decline.
Among the analysts on Wall Street, three have strongly recommended buying stocks of BAT, while one has given a buy recommendation. One analyst has suggested holding the stock, while no one has recommended selling or strongly selling it.
Earlier last month, the company made a $31.5 billion write-down on the value of its American cigarette brands, which sent shockwaves through the investor community. While some analysts view this as a buying opportunity, analysis reveals concerns among people regarding potential additional expenses that other tobacco companies might incur as a result of BAT's recent write-down.
Notice
1. This article is provided exclusively for professional research purposes related to industry, technology and policy. Any reference to brands or products is made solely for the purpose of objective description and does not constitute an endorsement, recommendation, or promotion of any brand or product.
2. The use of nicotine products, including but not limited to cigarettes, e-cigarettes, and heated tobacco products, is associated with significant health risks. Users are required to comply with all relevant laws and regulations in their respective jurisdictions.
3. This article is strictly restricted from being accessed or viewed by individuals under the legal age.
Copyright
This article is either an original work by 2Firsts or a reproduction from third-party sources with the original source clearly indicated. The copyright and usage rights of this article belong to 2Firsts or the original source. Unauthorized reproduction, distribution, or any other unauthorized use of this article by any entity or individual is strictly prohibited. Violators will be held legally responsible. For copyright-related matters, please contact: info@2firsts.com
AI Assistance Disclaimer
This article may have utilized AI to enhance translation and editing efficiency. However, due to technical limitations, errors may occur. Readers are advised to refer to the sources provided for more accurate information.
This article should not be used as a basis for any investment decisions or advice, and 2Firsts assumes no direct or indirect liability for any errors in the content.
