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 $199.22, with a 24-hour trading volume of $610.36M. The asset's market cap is $310.51B, after moving -0.86% in the last day.
Tokenized Philip Morris International Inc is trading at $202.58, with a tokenized market cap of $42.61M and a 24-hour trading volume of $156.11K. The tokenized asset has moved 0.10% in the past 24 hours.