Philip Morris International Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Philip Morris International Inc. (PM) slid 1.20% to $96.18 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.70% to 3,891.93 and Dow Jones Industrial Average falling 0.87% to 31,874.57. This was the stock's fifth consecutive day of losses. Philip Morris International Inc. closed $13.63 short of its 52-week high ($109.81), which the company reached on May 25th.
The stock underperformed when compared to some of its competitors Wednesday, as Altria Group Inc. (MO) rose 0.28% to $46.87. Trading volume (7.1 M) eclipsed its 50-day average volume of 4.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 15, 2023.
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March 15, 2023 17:19 ET (21:19 GMT)
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