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Shares of Philip Morris International Inc. (PM) slid 2.55% to $89.38 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 2.50% to 3,759.69 and Dow Jones Industrial Average falling 1.55% to 32,147.76. This was the stock's third consecutive day of losses. Philip Morris International Inc. closed $23.10 below its 52-week high ($112.48), which the company reached on February 18th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Altria Group Inc. (MO) fell 2.82% to $44.84, British American Tobacco PLC ADR (BATS.LN) fell 5.54% to $37.49, and Imperial Brands PLC ADR (IMB.LN) fell 3.27% to $23.70.true Trading volume (4.7 M) eclipsed its 50-day average volume of 4.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 2, 2022.
(END) Dow Jones Newswires
November 02, 2022 17:18 ET (21:18 GMT)
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