Philip Morris International Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Philip Morris International Inc. (PM) rallied 1.59% to $96.30 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.89% to 3,951.57 and the Dow Jones Industrial Average rising 1.20% to 32,244.58. The stock's rise snapped a seven-day losing streak. Philip Morris International Inc. closed $13.51 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 Monday, as Altria Group Inc. (MO) rose 1.65% to $46.07. Trading volume (5.1 M) eclipsed its 50-day average volume of 4.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 20, 2023.
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March 20, 2023 17:18 ET (21:18 GMT)
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