Illumina Inc. Stock Falls Tuesday, Underperforms Market

argenx SE

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Health Care : Biotechnology | Mid Cap Growth
Based in Netherlands

Company profile

argenx SE, formerly arGEN X BV, is the Netherlands-based biopharmaceutical company. It creates and develops a pipeline of differentiated antibody therapeutics using its discovery platform, Simple Antibody, which exploits characteristics of the llama immune system. The Company develops a pipeline of antibody therapeutics focused on cancer and autoimmune indications. It includes: ARGX-110, an antibody for heme malignancies and solid tumors, which modulates functions of tumor such as cell proliferation and survival; ARGX-111, an antagonist of c-Met, a receptor tyrosine kinase involved in cell proliferation, angiogenesis and metastasis in multiple solid tumors; ARGX-112, an antigen which targets atopic dermatitis by neutralization of IL-20 and IL-22 (interleukin) mediated signaling through blockade of their common receptor, among others.

Illumina Inc. Stock Falls Tuesday, Underperforms Market

5:01 pm ET January 25, 2022 (MarketWatch) Print

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

Shares of Illumina Inc. (ILMN) slipped 5.53% to $344.76 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.22% to 4,356.45 and Dow Jones Industrial Average falling 0.19% to 34,297.73. This was the stock's fourth consecutive day of losses. Illumina Inc. closed $211.01 short of its 52-week high ($555.77), which the company achieved on February 12th.

The stock underperformed when compared to some of its competitors Tuesday, as Thermo Fisher Scientific Inc. (TMO) fell 1.40% to $567.75, Danaher Corp. (DHR) fell 2.04% to $271.20, and Agilent Technologies Inc. (A) fell 2.57% to $134.57. Trading volume (1.2 M) eclipsed its 50-day average volume of 1.1 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 25, 2022.

-MarketWatch Automation

(END) Dow Jones Newswires

January 25, 2022 17:01 ET (22:01 GMT)