Philip Morris International Inc. Stock Outperforms Market Despite Losses On The Day
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Shares of Philip Morris International Inc. (PM) shed 1.81% to $99.98 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 2.00% to 3,997.34 and Dow Jones Industrial Average falling 2.06% to 33,129.59. Philip Morris International Inc. closed $11.19 short of its 52-week high ($111.17), which the company reached on February 22nd.
The stock underperformed when compared to some of its competitors Tuesday, as Altria Group Inc. (MO) fell 1.31% to $47.44. Trading volume (3.9 M) remained 824,257 below its 50-day average volume of 4.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 21, 2023.
(END) Dow Jones Newswires
February 21, 2023 17:19 ET (22:19 GMT)
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