British American Tobacco Stock – Philip Morris International Inc. stock falls Tuesday, underperforms market
Shares of Philip Morris International Inc.
slid 2.19% to $96.40 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index
rising 0.02% to 4,227.26 and the Dow Jones Industrial Average
falling 0.09% to 34,599.82. The stock’s fall snapped a five-day winning streak. Philip Morris International Inc. closed $2.28 below its 52-week high ($98.68), which the company achieved on June 7th.
The stock underperformed when compared to some of its competitors Tuesday, as Altria Group Inc.
fell 1.21% to $49.88, British American Tobacco PLC ADR
fell 0.78% to $39.62, and Imperial Brands PLC ADR
fell 0.04% to $23.30. Trading volume (5.4 M) eclipsed its 50-day average volume of 4.1 M.