Here’s Why Philip Morris’ Stock Lost 20% Of Its Value In 3 Years
- Wednesday, February 26, 2020, 7:11
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Philip Morris (NYSE: PM) saw its stock price drop by almost 20% in the last 3 years, from $109 in February 2017 to about $88 in February 2020. This fall was primarily driven by a drop in net income margin, due to higher marketing expenditure and cost of sales, along with reduction in the company’s..
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