Shares of Philip Morris International Inc. /zigman2/quotes/201611010/composite PM +1.25% rallied 1.12% to $87.84 Thursday, 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 +0.08% rising 1.42% to 4,577.10 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.56% rising 1.82% to 34,639.79. This was the stock's second consecutive day of gains. Philip Morris International Inc. closed $18.67 below its 52-week high ($106.51), which the company achieved on September 7th.
The stock outperformed some of its competitors Thursday, as Altria Group Inc. /zigman2/quotes/208895754/composite MO +0.99% rose 0.51% to $43.21, British American Tobacco PLC ADR /zigman2/quotes/210207837/composite BTI +1.82% rose 0.83% to $34.00, and Imperial Brands PLC ADR /zigman2/quotes/206232937/delayed IMBBY +0.98% rose 0.72% to $20.93. Trading volume (5.8 M) eclipsed its 50-day average volume of 4.2 M.