Shares of Reynolds American, Inc. (NYSE:RAI) ended Wednesday session in green amid volatile trading. The shares closed up +0.78 points or 1.64% at $48.44 with 4.17 million shares getting traded. Post opening the session at $48.02, the shares hit an intraday low of $47.51 and an intraday high of $48.54 and the price vacillated in this range throughout the day. The company has a market cap of $69.55 billion and the numbers of outstanding shares have been calculated to be 1.43 billion shares.
Reynolds American, Inc. (RAI) manufactures, and sells cigarettes and other tobacco products in the United States. It operates through RJR Tobacco, Santa Fe, and American Snuff segments. The RJR Tobacco segment offers cigarettes under the NEWPORT, CAMEL, PALL MALL, DORAL, MISTY, and CAPRI brands; and CAMEL Snus, a smoke-free tobacco product, as well as manages various licensed brands, including DUNHILL and STATE EXPRESS 555. The Santa Fe segment manufactures and markets cigarettes and other tobacco products under the NATURAL AMERICAN SPIRIT brand.
Shares of Philip Morris International Inc. (NYSE:PM) ended Wednesday session in green amid volatile trading. The shares closed up 1.45 points or 1.46% at $100.65 with 4.49 million shares getting traded. Post opening the session at $99.47, the shares hit an intraday low of $99.06 and an intraday high of $100.95 and the price vacillated in this range throughout the day. The company has a market cap of $156.76 billion and the numbers of outstanding shares have been calculated to be 1.55 billion shares.
Philip Morris International Inc. (PM) on September 15, 2016 announced that the response to PMI IMPACT, its new global funding initiative for third party projects dedicated to fighting smuggling and related crimes, has exceeded expectations with more than 200 expressions of interest submitted in the first funding round. PMI has pledged USD 100 million for three funding rounds.
“We are delighted to see that PMI IMPACT has been well-received and that a broad range of organizations recognized the need to join forces to eliminate illegal trade in its many forms. With the leadership of the Expert Council, PMI IMPACT will provide resources for the best proposals to bring innovative and lasting solutions,” stated Alvise Giustiniani, Vice President Illicit Trade Strategies & Prevention, of PMI.