A 3.5% slide to $202.08 strips roughly $11 billion from a $315 billion defensive name that rarely moves this hard in a single session. Keep an eye on whether it holds that level into the close.
New 52-week high$200.5+0.2% vs prior high · 2026-07-28
Philip Morris cleared $200 for the first time, topping its late-July peak and putting a $312.6 billion tobacco name back in price discovery after ten weeks of chop below the line.
A 3% intraday gain to $200.88 adds roughly $9 billion of market value to a $313 billion defensive name that rarely moves this much in a single session. The $200 handle is the level to watch from here.