Philip Morris International Inc. Stock Outperforms Competitors On Strong Trading Day
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Philip Morris International Inc. (PM) shares rose 2.02% to $155.85 on Tuesday, outperforming competitors despite a generally poor trading day for the market. The S&P 500 Index fell 0.83% and the Dow Jones Industrial Average fell 1.07%. PM's stock remains 16.52% below its 52-week high. Competitors Altria Group Inc. (MO) and Universal Corp. (UVV) saw smaller gains, while Mativ Holdings Inc. (MATV) fell. Trading volume was 1.5 million below the 50-day average.
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