New York, NY – Philip Morris International Inc. (NYSE: PM) finished a volatile trading day with a modest loss, as investors navigated sharp price swings throughout the session. The tobacco giant’s stock closed at
0.16 (0.099%) for the day.
The trading session on July 28 was marked by early optimism that faded as the day progressed. After opening at
163.05**. However, sellers took control before noon, pushing the stock down to its session low of $160.73 in the afternoon before it settled near the closing price.
Investors are currently evaluating the company’s valuation and income potential. Philip Morris trades with a P/E ratio of 30.54. For those focused on returns, the stock offers a notable dividend yield of 3.36%, paying out a quarterly dividend of $1.35 per share. The company’s market capitalization is listed at 25.05KCr.
When viewed in a wider context, PM’s stock is trading in the upper half of its 52-week range, which spans from a low of
186.69. The current price level indicates the stock has recovered significantly from its lows but remains well below its peak.
Attention now shifts to the next trading session. In pre-market activity, Philip Morris stock showed a slight uptick, trading at
0.020 (0.012%). Market participants will be closely watching the opening bell to see if the stock can reverse its recent downtrend or if further selling pressure will emerge.
