Philip Morris International Inc. Stock Falls Monday, Underperforms Market
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Shares of Philip Morris International Inc. (PM) sank 0.42% to $98.17 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.31% to 3,982.24 and the Dow Jones Industrial Average rising 0.22% to 32,889.09. This was the stock's second consecutive day of losses. Philip Morris International Inc. closed $11.64 short of its 52-week high ($109.81), which the company reached on May 25th.
Despite its losses, the stock outperformed some of its competitors Monday, as Altria Group Inc. (MO) fell 1.34% to $46.54. Trading volume (3.9 M) remained 606,933 below its 50-day average volume of 4.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 27, 2023.
(END) Dow Jones Newswires
February 27, 2023 17:18 ET (22:18 GMT)
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