Philip Morris shares fall after six consecutive sessions of losses

Philip Morris International (PM) shares snapped six straight sessions of gains, as the stock was down 0.8% at $200.46 on Tuesday. The international tobacco and nicotine company added 6.6% in the preceding six sessions. PM is up 3% over the past month, while the stock has risen 25% so far this year, compared to a 14% rise in the broader S&P 500 Index (SP500 [https://seekingalpha.com/symbol/SP500#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]). "Philip Morris International is positioned as a flight-to-safety stock, offering a rising income stream and resilience in a higher-rate environment," pointed out [https://seekingalpha.