Philip Morris International Inc. Stock Falls Tuesday, Underperforms Market
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Philip Morris International Inc. (PM) slumped 0.89% to $97.30 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.30% to 3,970.15 and Dow Jones Industrial Average falling 0.71% to 32,656.70. This was the stock's third consecutive day of losses. Philip Morris International Inc. closed $12.51 below its 52-week high ($109.81), which the company reached on May 25th.
The stock underperformed when compared to some of its competitors Tuesday, as Altria Group Inc. (MO) fell 0.24% to $46.43. Trading volume (5.0 M) eclipsed its 50-day average volume of 4.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 28, 2023.
(END) Dow Jones Newswires
February 28, 2023 17:21 ET (22:21 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.