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 $159.51, with a 24-hour trading volume of $477.84M. The asset's market cap is $248.6B, after moving -2.02% in the last day.
Tokenized Philip Morris International Inc is trading at $159.07, with a tokenized market cap of $477.23K and a 24-hour trading volume of $57.39K. The tokenized asset has moved -0.96% in the past 24 hours.