Philip Morris International Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Philip Morris International Inc. (PM) inched 0.25% higher to $101.88 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the Dow Jones Industrial Average remaining mostly unchanged at 33,597.92 and the S&P 500 Index falling 0.19% to 3,933.92. The stock's rise snapped a two-day losing streak. Philip Morris International Inc. closed $10.60 short of its 52-week high ($112.48), which the company reached on February 18th.
The stock underperformed when compared to some of its competitors Wednesday, as Altria Group Inc. (MO) rose 0.35% to $46.37. Trading volume (7.9 M) eclipsed its 50-day average volume of 4.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 7, 2022.
(END) Dow Jones Newswires
December 07, 2022 17:29 ET (22:29 GMT)
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