E-cigarette company Juul Labs plans to lay off roughly 30% of its workforce as it seeks to raise capital or sell the company, reported The Wall Street Journal’s Jennifer Maloney. Publicly traded companies in the tobacco products space include Altria Group (MO), British American Tobacco (BTI), Imperial Brands (IMBBY) and Philip Morris (PM).
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on BTI:
- British American Tobacco price target lowered to 3,100 GBp at Morgan Stanley
- British American Tobacco call volume above normal and directionally bullish
- British American Tobacco price target lowered to 3,300 GBp from 3,500 GBp at Morgan Stanley
- Ex-Dividend Date Nearing for These 10 Stocks – Week of July 10