Cisco Systems Inc. Stock Underperforms Wednesday When Compared To Competitors

GT Biopharma Inc

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Health Care : Biotechnology | Small Cap Value

Company profile

GT Biopharma, Inc. is a clinical-stage biopharmaceutical company. The Company is focused on the development of immuno-oncology products based on its Tri-specific Killer Engager (TriKE) fusion protein immune cell engager technology platform. The Company's TriKE platform generate therapeutics designed to harness and enhance the cancer killing abilities of a patient's own natural killer (NK) cells. GTB-3550 is the Company's TriKE product candidate, which is a single-chain, tri-specific recombinant fusion protein construct consisting of the variable regions of the heavy and light chains of anti-CD16 and anti-CD33 antibodies and a modified form of IL-15. The Company is focused on studying this anti-CD16-IL-15-anti-CD33 TriKE in CD33 positive leukemias, a marker expressed on tumor cells in acute myelogenous leukemia (AML), myelodysplastic syndrome (MDS).

Cisco Systems Inc. Stock Underperforms Wednesday When Compared To Competitors

4:47 pm ET January 12, 2022 (MarketWatch) Print

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

Shares of Cisco Systems Inc. (CSCO) dropped 0.40% to $62.12 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.28% to 4,726.35 and the Dow Jones Industrial Average rising 0.11% to 36,290.32. The stock's fall snapped a four-day winning streak. Cisco Systems Inc. closed $2.17 below its 52-week high ($64.29), which the company reached on December 29th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Microsoft Corp. (MSFT) rose 1.04% to $318.27, International Business Machines Corp. (IBM) rose 0.54% to $133.59, and VMware Inc. (VMW) fell 1.09% to $122.90. Trading volume (13.3 M) remained 9.4 million below its 50-day average volume of 22.6 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 12, 2022.

-MarketWatch Automation

(END) Dow Jones Newswires

January 12, 2022 16:47 ET (21:47 GMT)