Philip Morris International Inc (PM) has been under a strong bear grip, hence the stock is down -0.29% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.97% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.94% in the last 1 week, and is up 0.09% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Philip Morris International, Inc. is up 2.96% in the last 3-month period. Year-to-Date the stock performance stands at 16.03%. The stock has recorded a 20-day Moving Average of 0.69% and the 50-Day Moving Average is 0.27%.
Philip Morris International Inc (NYSE:PM): The stock opened at $100.04 on Friday but the bulls could not build on the opening and the stock topped out at $100.12 for the day. The stock traded down to $99.54 during the day, due to lack of any buying support eventually closed down at $99.93 with a loss of -0.41% for the day. The stock had closed at $100.34 on the previous day. The total traded volume was 2,912,432 shares.
Also, Equity Analysts at the SBG Securities upgrades the rating on Philip Morris International Inc (NYSE:PM). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Sell. The rating by the firm was issued on July 20, 2016.
Philip Morris International Inc. is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Companys products are sold in more than 180 markets, which include a range of international and local, premium, mid-price and low-price brands. Its premium price brands include Marlboro, Merit, Parliament and Virginia Slims; mid-price brands are L&M and Chesterfield, and international brands include Bond Street, Lark, Muratti, Next, Philip Morris and Red & White. Its local cigarette brands consist of Sampoerna, Dji Sam Soe and U Mild in Indonesia; Fortune, Champion and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.