British American Tobacco Stock – Philip Morris International Inc. stock rises Wednesday, outperforms market
Shares of Philip Morris International Inc.
inched 0.36% higher to $96.75 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
falling 0.18% to 4,219.55 and Dow Jones Industrial Average
falling 0.44% to 34,447.14. Philip Morris International Inc. closed $2.20 short of its 52-week high ($98.95), which the company reached on June 8th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Altria Group Inc.
rose 0.04% to $49.90, British American Tobacco PLC ADR
rose 0.78% to $39.93, and Imperial Brands PLC ADR
fell 0.39% to $23.21. Trading volume (2.5 M) remained 1.7 million below its 50-day average volume of 4.2 M.