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Philip Morris International Trading Volume Plummets 47.45% to 104th Position
Generated by AI AgentAinvest Market Brief
Tuesday, Apr 1, 2025 7:43 pm ET1min read
On April 1, 2025,
(PM) experienced a significant drop in trading volume, with a total of 6.98 billion shares traded, marking a 47.45% decrease from the previous day. This decline placed PM at the 104th position in terms of trading volume for the day. The stock price of PM also decreased by 0.40%.Philip Morris International (PMI) is expanding its smoke-free business in the United States with the release of its Iqos heat-not-burn devices, starting in Austin, Texas. This strategic move aligns with the company's broader ambition to transition towards a smoke-free future. PMI has appointed a new chief commercial officer to oversee this initiative, highlighting the company's commitment to innovation and market expansion.
PMI has been actively investing in its smoke-free future, with a global investment of $12.5 billion since 2008. This investment underscores the company's dedication to developing and promoting smoke-free alternatives, which are expected to drive future growth and market share.
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