Philip Morris International Inc. Stock Outperforms Market Despite Losses On The Day
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Shares of Philip Morris International Inc. (PM) dropped 0.14% to $91.72 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.41% to 3,856.10 and Dow Jones Industrial Average falling 0.24% to 32,653.20. This was the stock's second consecutive day of losses. Philip Morris International Inc. closed $20.76 short of its 52-week high ($112.48), which the company achieved on February 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Altria Group Inc. (MO) fell 0.28% to $46.14, British American Tobacco PLC ADR (BATS.LN) rose 0.18% to $39.69, and Imperial Brands PLC ADR (IMB.LN) rose 0.08% to $24.50. Trading volume (3.5 M) remained 961,929 below its 50-day average volume of 4.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 1, 2022.
(END) Dow Jones Newswires
November 01, 2022 17:18 ET (21:18 GMT)
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