Shares of Philip Morris International Inc. /zigman2/quotes/201611010/composite PM -0.83% slumped 0.14% to $89.65 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -1.18% rising 0.17% to 4,690.70 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.54% rising 0.55% to 35,813.80. This was the stock's fourth consecutive day of losses. Philip Morris International Inc. closed $16.86 below its 52-week high ($106.51), which the company reached on September 7th.
The stock underperformed when compared to some of its competitors Tuesday, as Altria Group Inc. /zigman2/quotes/208895754/composite MO -0.46% rose 0.57% to $44.24, British American Tobacco PLC ADR /zigman2/quotes/210207837/composite BTI -1.21% rose 0.78% to $34.89, and Imperial Brands PLC ADR /zigman2/quotes/206232937/composite IMBBY -0.64% rose 0.96% to $22.10. Trading volume (6.1 M) eclipsed its 50-day average volume of 4.2 M.