Corning Inc. Stock Underperforms Tuesday When Compared To Competitors

Xilio Therapeutics Inc

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Company profile

Xilio Therapeutics, Inc. is a biotechnology company. The Company is focused on harnessing the immune system to achieve clinical responses for cancer patients. It offers a geographically precise solutions (GPS) platform to engineer molecules, including cytokines and other biologics, that are designed to enhance therapeutic index. Using its GPS platform, the Company is engaged in developing a pipeline of tumor-selective cytokine and checkpoint inhibitor immunotherapies to treat cancer. Its product candidates include XTX101, XTX202, XTX301, and XTX401. XTX101 is a clinical-stage, tumor-selective anti-cytotoxic T-lymphocyte-associated protein (CTLA-4), monoclonal antibody (mAb), which is designed to improve upon the therapeutic index of existing anti-CTLA-4 therapies. XTX202 and XTX301 are an engineered form of interleukin 2 (IL-2) that is masked with a protein domain to prevent binding activity until the protein domain is cleaved off by tumor microenvironment (TME)-associated proteases.

Corning Inc. Stock Underperforms Tuesday When Compared To Competitors

4:55 pm ET May 24, 2022 (MarketWatch) Print

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

Shares of Corning Inc. (GLW) slipped 1.45% to $33.27 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.15% to 31,928.62 and the S&P 500 Index falling 0.81% to 3,941.48. Corning Inc. closed $10.97 below its 52-week high ($44.24), which the company achieved on May 25th.

The stock underperformed when compared to some of its competitors Tuesday, as Thermo Fisher Scientific Inc. (TMO) fell 1.15% to $548.82, 3M Co. (MMM) rose 0.95% to $145.75, and TE Connectivity Ltd. (TEL) fell 0.02% to $123.63. Trading volume (6.1 M) eclipsed its 50-day average volume of 5.2 M.

Data source: Dow Jones Market Data, FactSet. Data compiled May 24, 2022.

(END) Dow Jones Newswires

May 24, 2022 16:55 ET (20:55 GMT)