Philip Morris International Inc. Stock Falls Wednesday, Still Outperforms Market
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Shares of Philip Morris International Inc. (PM) slipped 1.65% to $90.97 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 2.08% to 3,748.57 and Dow Jones Industrial Average falling 1.95% to 32,513.94. The stock's fall snapped a three-day winning streak. Philip Morris International Inc. closed $21.51 short of 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 Wednesday, as Altria Group Inc. (MO) fell 1.50% to $45.21, British American Tobacco PLC ADR (BATS.LN) fell 1.21% to $38.51, and Imperial Brands PLC ADR (IMB.LN) fell 1.69% to $24.50. Trading volume (3.1 M) remained 1.5 million below its 50-day average volume of 4.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 9, 2022.
(END) Dow Jones Newswires
November 09, 2022 17:17 ET (22:17 GMT)
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