This is the holding company of Philip Morris and John Middleton.
A very nice chart formation is being form now.
Will this break through the kumo (and hence, form a very nice saucer with handle) ? Or will it reverse?
Though a federal cigarette tax hike remains weeks away, at least two U.S. cigarette makers already have upped prices and another is cutting some wholesaler discounts as demand drops.
Both Altria Group (nyse: MO - news - people ) Inc., which owns Philip Morris USA, and Lorillard Inc., which makes Newport cigarettes, increased their carton and pack prices in recent days.
Neither company would say what prompted the increases. But the federal tax on cigarettes will rise from 39 cents a pack to almost $1.01 on April 1.
Lawmakers in more than a dozen states also have proposed cigarette taxes to fund health programs and force residents to quit smoking or avoid starting. The federal excise tax increase will help fund children's health care.
Reynolds American (nyse: RAI - news - people ) Inc., the nation's second-largest cigarette company, which reported a 13 percent drop in its fourth-quarter profit Wednesday partly resulting from selling fewer cigarettes, has cut some of the discounts it offers wholesalers for the month of March.
Lorillard raised all its wholesale prices 10 cents a pack or a $1 a carton last week, the company said.
Altria raised wholesale prices for its signature Marlboro line and some lower-cost brands this month. Marlboro, Virginia Slims, Basics and other cigarettes rose nine cents a pack or 90 cents per carton, said spokesman Greg Mathe. A second tier at Altria, including brands like Chesterfield and Merits, saw a price increase of 18 cents a pack or a $1.80 a carton, Mathe said.
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