Philip Morris International Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Philip Morris International Inc. (PM) shed 2.18% to $92.37 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.65% to 3,936.97 and Dow Jones Industrial Average falling 1.63% to 32,030.11. This was the stock's second consecutive day of losses. Philip Morris International Inc. closed $17.44 below its 52-week high ($109.81), which the company achieved on May 25th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Altria Group Inc. (MO) fell 2.27% to $45.15. Trading volume (7.7 M) eclipsed its 50-day average volume of 4.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 22, 2023.
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March 22, 2023 17:19 ET (21:19 GMT)
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