Another Distribution Day For Lorillard

Lorillard Inc. LO shares are down sharply again today, losing $3.20 to $108.04 on average daily volume. This is the second day in a row that shares of Lorillard have fallen sharply, while other tobacco stocks are seeing smaller losses. Since hitting a 52 week high last week, shares have fallen sharply in the past couple days, down nearly 8%. Lorillard, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. The company offers 41 different product offerings under the Newport, Kent, True, Maverick, Old Gold, and Max brand names.