Created from the international operations of Altria in 2008, Philip Morris International sells cigarettes and reduced-risk products, including heat sticks, vapes, and oral nicotine offerings, primarily outside of the US. With the 2023 acquisition of Swedish Match, a leading manufacturer of traditional oral tobacco products and nicotine pouches primarily in the US and Scandinavia, PMI has not only diversified away from smokable products but also gained a toehold in the US to sell its Iqos heated tobacco product.
The current price of Philip Morris International Inc in the market is $178.35, with a 24-hour trading volume of $547.16M. The asset's market cap is $277.96B, after moving 0.01% in the last day.
Tokenized Philip Morris International Inc is trading at $182.84, with a tokenized market cap of $38.33M and a 24-hour trading volume of $121.32K. The tokenized asset has moved 4.43% in the past 24 hours.