Philip Morris International Trading Volume Plummets 47.45% to 104th Position

On April 1, 2025, Philip Morris International (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.