Philip Morris International Inc. Stock Falls Thursday, Underperforms Market
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Shares of Philip Morris International Inc. (PM) slid 2.27% to $90.27 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.30% to 3,948.72 and the Dow Jones Industrial Average rising 0.23% to 32,105.25. This was the stock's third consecutive day of losses. Philip Morris International Inc. closed $19.54 below its 52-week high ($109.81), which the company reached on May 25th.
The stock underperformed when compared to some of its competitors Thursday, as Altria Group Inc. (MO) fell 1.70% to $43.46. Trading volume (5.5 M) eclipsed its 50-day average volume of 4.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 23, 2023.
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March 23, 2023 17:19 ET (21:19 GMT)
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