Philip Morris International, Inc. (NYSE)
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Anderson Noah
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11.04.2024
Philip Morris multinational tobacco company (PM) stocks have reached a notable support level at $90.00, a price point that has been retested 11 times since April 2021. This support has demonstrated its resilience over time and appears to be well-defended by large market players. Given this historical pattern, there is a reasonable expectation that the support level will hold once again.
Considering the current price of $89.08 per share, I plan to initiate a long trade position. My target price for this trade is set at $100.00 per share, representing an 11.0% increase from the current level. To manage risk, I will place a stop-loss order at $80.00 per share, which is below the lows observed on December 30, 2022.
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Philip Morris International, Inc. (NYSE)
Philip Morris International Inc. operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products that are sold in markets outside the United States. The company offers its smoke-free products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, Parliament HeatSticks, and TEREA brands, as well as the KT&G-licensed brands, Fiit, and Miix. It also sells its products under the Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris brands. In addition, the company owns various cigarette brands, such as Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia; and Fortune and Jackpot in the Philippines. The company sells its smoke-free products in 71 markets. Philip Morris International Inc. was incorporated in 1987 and is headquartered in New York, New York.
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| Ticker | PM |
| Contract value | 100 shares |
| Maximum leverage | 1:5 |
Swaps history
| Date | Short Swap (%) | Long Swap (%) | No data |
|---|
| Minimum transaction volume | 0.01 lot |
| Maximum transaction volume | 100 lots |
| Hedging margin | 50% |
Margin requirements
| USD Exposure | Max Leverage Applied | Floating Margin |
|---|
