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Updated · MarketWatch · Apr 30Philip Morris International stock rises but underperforms competitors
10 articles · Updated · MarketWatch · Apr 30
- Shares climbed 1.45% to $165.07 on Thursday as the S&P 500 rose 1.02% and the Dow gained 1.62% in a broadly positive session.
- Even with the advance, Philip Morris lagged peers including Altria, up 6.52%, and Universal, up 2.12%, while Mativ Holdings fell 1.69%.
- The stock remains 13.71% below its 52-week high of $191.30, reached on 25 February, indicating it has not fully recovered recent peak levels.
Can PM's 'smoke-free' vision survive growing regulatory heat on its key ZYN nicotine pouches? Is Big Tobacco's pivot to smoke-free alternatives merely creating a new generation of nicotine addicts?