DJ Philip Morris International Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Philip Morris International Inc. (PM) advanced 2.26% to $158.79 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.76% to 5,849.72 and Dow Jones Industrial Average falling 1.48% to 43,191.24.
This was the stock's second consecutive day of gains.
Philip Morris International Inc. hit a new 52-week high, surpassing its previous peak of $158.39, which the company reached on February 26th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Altria Group Inc. $(MO)$ rose 2.61% to $57.31, Universal Corp. $(UVV)$ rose 0.71% to $53.99, and Mativ Holdings Inc. $(MATV)$ fell 11.69% to $5.97.
Trading volume (5.4 M) remained 329,154 below its 50-day average volume of 5.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 3, 2025.
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(END) Dow Jones Newswires
March 03, 2025 16:33 ET (21:33 GMT)
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