Altria's Harm Reduction and E-Cigarette Bets Fuel 0.80 Rise 360M Volume Places It 288th Among U.S. Equities
Altria Group (MO) rose 0.80% on Sept. 26, with a trading volume of $360 million, ranking 288th among U.S. equities. The stock's performance followed a strategic review of its investment approach and market positioning amid evolving regulatory landscapes.
Analysts highlighted the company's recent focus on tobacco harm reduction initiatives and its acquisition of a minority stake in a leading e-cigarette manufacturer. These moves have reinforced investor confidence in Altria's long-term growth strategy, despite ongoing debates over nicotine product regulations. The stock's volume surge suggests increased institutional activity, though broader market volatility limited further gains.
To run this back-test accurately I need a few clarifications: 1. Universe • Do you want all listed U.S. equities, or a specific universe (e.g. S&P 500 constituents, Russell 3000, NASDAQ-listed stocks, etc.)? 2. Execution price • Should we assume the positions are opened at the day’s close and liquidated at the next day’s close, or opened at next day’s open and liquidated at that day’s close? • Slippage / transaction costs (if any)? 3. Rebalancing details • Equal-weight across the 500 names each day? • Invest 100 % of capital every day (fully re-invest proceeds)? With these points confirmed I can build the data-pull and run the back-test for 2022-01-01 through today.


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