Philip Morris International Inc. Stock Falls Monday, Still Outperforms Market
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Shares of Philip Morris International Inc. (PM) dropped 0.73% to $91.85 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.75% to 3,871.98 and Dow Jones Industrial Average falling 0.39% to 32,732.95. Philip Morris International Inc. closed $20.63 below its 52-week high ($112.48), which the company reached on February 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Altria Group Inc. (MO) fell 0.09% to $46.27, British American Tobacco PLC ADR (BATS.LN) fell 0.48% to $39.62, and Imperial Brands PLC ADR (IMB.LN) fell 1.65% to $24.48. Trading volume (3.5 M) remained 962,938 below its 50-day average volume of 4.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 31, 2022.
(END) Dow Jones Newswires
October 31, 2022 17:18 ET (21:18 GMT)
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