Philip Morris International Inc. Stock Rises Thursday, Still Underperforms Market
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Shares of Philip Morris International Inc. (PM) inched 0.24% higher to $99.83 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.53% to 4,012.32 and the Dow Jones Industrial Average rising 0.33% to 33,153.91. The stock's rise snapped a two-day losing streak. Philip Morris International Inc. closed $9.98 short of its 52-week high ($109.81), which the company achieved on May 25th.
The stock underperformed when compared to some of its competitors Thursday, as Altria Group Inc. (MO) rose 0.78% to $47.51. Trading volume (4.3 M) remained 253,588 below its 50-day average volume of 4.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 23, 2023.
(END) Dow Jones Newswires
February 23, 2023 17:18 ET (22:18 GMT)
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