Philip Morris International Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Philip Morris International Inc. (PM) slumped 0.39% to $99.59 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.16% to 3,991.05 and Dow Jones Industrial Average falling 0.26% to 33,045.09. This was the stock's second consecutive day of losses. Philip Morris International Inc. closed $10.22 below its 52-week high ($109.81), which the company reached on May 25th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Altria Group Inc. (MO) fell 0.63% to $47.14. Trading volume (3.5 M) remained 1.1 million below its 50-day average volume of 4.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 22, 2023.
(END) Dow Jones Newswires
February 22, 2023 17:18 ET (22:18 GMT)
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