Shares of Philip Morris International Inc. /zigman2/quotes/201611010/composite PM +1.10% rose 1.08% to $86.87 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +1.05% falling 1.18% to 4,513.04 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.02% falling 1.34% to 34,022.04. The stock's rise snapped a three-day losing streak. Philip Morris International Inc. closed $19.64 short of its 52-week high ($106.51), which the company achieved on September 7th.
The stock outperformed some of its competitors Wednesday, as Altria Group Inc. /zigman2/quotes/208895754/composite MO +5.55% rose 0.82% to $42.99, British American Tobacco PLC ADR /zigman2/quotes/210207837/composite BTI +0.62% rose 0.21% to $33.72, and Imperial Brands PLC ADR /zigman2/quotes/206232937/delayed IMBBY +0.96% rose 0.14% to $20.78. Trading volume (6.1 M) eclipsed its 50-day average volume of 4.3 M.