International Business Machines Corp. Stock Falls Friday, Still Outperforms Market

MacroGenics Inc

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Health Care : Biotechnology | Small Cap Value

Company profile

MacroGenics, Inc. is a biopharmaceutical company that is focused on developing and commercializing antibody-based therapeutics for the treatment of cancer. It is developing product candidates that target various tumor-associated antigens and immune checkpoint molecules. Its lead pipeline program is MGC018, an antibody-drug conjugate (ADC) that targets B7-H3, a molecule in the B7 family of immune regulator proteins that is expressed by several different tumor types. It is also developing enoblituzumab, an Fc-optimized monoclonal antibody (mAb) that targets B7-H3 and molecules that target programmed cell death protein 1 (PD-1), a protein that is important in the regulation of the immune system's response to cancer. Its clinical pipeline includes two bispecific DART product candidates that co-engage both PD-1 and lymphocyte-activation gene 3 (LAG-3) (tebotelimab), and PD-1 and cytotoxic T-lymphocyte-associated protein 4 (CTLA-4) (lorigerlimab). In addition, it is also developing MGD024.

International Business Machines Corp. Stock Falls Friday, Still Outperforms Market

5:00 pm ET January 7, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of International Business Machines Corp. (IBM) sank 0.38% to $134.83 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.41% to 4,677.03 and Dow Jones Industrial Average falling 0.01% to 36,231.66. This was the stock's second consecutive day of losses. International Business Machines Corp. closed $11.16 below its 52-week high ($145.99), which the company reached on June 10th.

The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Apple Inc. (AAPL) rose 0.10% to $172.17, Microsoft Corp. (MSFT) rose 0.05% to $314.04, and Alphabet Inc. Cl A (GOOGL) fell 0.53% to $2,740.34. Trading volume (5.2 M) remained 320,569 below its 50-day average volume of 5.5 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 7, 2022.

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(END) Dow Jones Newswires

January 07, 2022 17:00 ET (22:00 GMT)