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Philip Morris Trading Volume Drops 40.99% Ranking 96th in Stock Market

Market BriefTuesday, May 13, 2025 7:42 pm ET

1min read

On May 13, 2025, Philip's trading volume was 9.74 billion, a decrease of 40.99% from the previous day, ranking 96th in the day's stock market. Philip Morris (PM) fell 0.61%, marking the fourth consecutive day of decline, with a total drop of 6.58% over the past four days.

Philip Morris International Inc. has announced that it will be holding its annual general meeting of shareholders on June 12, 2025. The meeting will be held at the company's headquarters in New York, and shareholders are encouraged to attend either in person or via webcast.

Philip Morris International Inc. has reported that its first-quarter earnings have exceeded analysts' expectations. The company's revenue for the quarter was $7.8 billion, up 5.2% from the same period last year. The company's net income for the quarter was $2.1 billion, up 8.3% from the same period last year.

Philip Morris International Inc. has announced that it will be launching a new line of heated tobacco products in the United States. The new products, which will be sold under the IQOS brand, are expected to be available in select markets by the end of the year. The company believes that the new products will help to drive growth in the United States market, where traditional cigarette sales have been declining.

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