Philip Morris International Inc. Stock Falls Thursday, Underperforms Market
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Shares of Philip Morris International Inc. (PM) slid 1.16% to $88.34 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.06% to 3,719.89 and Dow Jones Industrial Average falling 0.46% to 32,001.25. This was the stock's fourth consecutive day of losses. Philip Morris International Inc. closed $24.14 short of its 52-week high ($112.48), which the company achieved on February 18th.
The stock underperformed when compared to some of its competitors Thursday, as Altria Group Inc. (MO) rose 0.16% to $44.91, British American Tobacco PLC ADR (BATS.LN) rose 0.32% to $37.61, and Imperial Brands PLC ADR (IMB.LN) fell 0.76% to $23.52. Trading volume (3.3 M) remained 1.1 million below its 50-day average volume of 4.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 3, 2022.
(END) Dow Jones Newswires
November 03, 2022 17:18 ET (21:18 GMT)
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