Philip Morris International Inc. Stock Rises Friday, Outperforms Market
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Shares of Philip Morris International Inc. (PM) rallied 1.18% to $96.28 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.48% to 3,965.34 and the Dow Jones Industrial Average rising 0.59% to 33,745.69. This was the stock's fourth consecutive day of gains. Philip Morris International Inc. closed $16.20 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 Friday, as Altria Group Inc. (MO) rose 1.21% to $44.20, British American Tobacco PLC ADR (BATS.LN) rose 0.66% to $39.55, and Imperial Brands PLC ADR (IMB.LN) rose 0.68% to $25.31. Trading volume (3.8 M) remained 832,868 below its 50-day average volume of 4.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 18, 2022.
(END) Dow Jones Newswires
November 18, 2022 17:17 ET (22:17 GMT)
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