Philip Morris International Inc. Stock Rises Friday, Still Underperforms Market
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Shares of Philip Morris International Inc. (PM) inched 0.85% higher to $99.20 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.61% to 4,045.64 and the Dow Jones Industrial Average rising 1.17% to 33,390.97. This was the stock's third consecutive day of gains. Philip Morris International Inc. closed $10.61 short of its 52-week high ($109.81), which the company reached on May 25th.
The stock outperformed some of its competitors Friday, as Altria Group Inc. (MO) rose 0.15% to $46.53. Trading volume (2.5 M) remained 1.7 million below its 50-day average volume of 4.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 3, 2023.
(END) Dow Jones Newswires
March 03, 2023 17:19 ET (22:19 GMT)
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