Shares of Philip Morris International Inc. /zigman2/quotes/201611010/composite PM -0.24% shed 1.50% to $87.35 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -0.97% rising 1.32% to 4,655.27 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.96% rising 0.68% to 35,135.94. This was the stock's second consecutive day of losses. Philip Morris International Inc. closed $19.16 short of its 52-week high ($106.51), which the company achieved on September 7th.
The stock underperformed when compared to some of its competitors Monday, as Altria Group Inc. /zigman2/quotes/208895754/composite MO -0.73% fell 0.59% to $43.48, British American Tobacco PLC ADR /zigman2/quotes/210207837/composite BTI -0.92% rose 0.12% to $34.32, and Imperial Brands PLC ADR /zigman2/quotes/206232937/composite IMBBY +0.42% rose 0.85% to $21.24. Trading volume (7.2 M) eclipsed its 50-day average volume of 4.1 M.