Why Philip Morris Stock Was Down Today
Shares of Philip Morris (NYSE: PM) were slipping today on a pullback in the broader market, and after the company said it was suspending operations at a facility in Bologna, Italy. It also shared information on production facilities elsewhere that may be impacted by the COVID-19 coronavirus outbreak.
As a result, the stock was down 4.5% as of 2:51 p.m. EDT on Monday, compared with a 2.7% decline in the S&P 500.
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Source Fool.com
