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 $163.34, with a 24-hour trading volume of $455.71M. The asset's market cap is $254.86B, after moving -3.46% in the last day.
Tokenized Philip Morris International Inc is trading at $166.45, with a tokenized market cap of $499.37K and a 24-hour trading volume of $131.7K. The tokenized asset has moved -1.35% in the past 24 hours.