Philip Morris stock price action suggests accumulation by large funds, as indicated by rising OBV levels. This pattern often signals upcoming upward moves, especially in high-yield stocks. By definition, blue chip stocks are the equities of companies long established in their businesses. Because these enterprises tend to be stable and generally profitable, many are also eager dividend payers who like to increase their distributions every year. Here’s a breakdown of recent trading of $PM stock by members of Congress over the last 6 months: Philip Morris stock price is currently trading near $94.25, showing a modest 0.3% uptick in early trading. With tobacco industry diversification into smoke-free products, analysts forecast EPS growth of around 5% for FY2024, driving moderate bullish sentiment in institutional portfolios.
