ServiceNow Inc. Stock Outperforms Market On Strong Trading Day

TetraLogic Pharmaceuticals Corp

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Company profile

TetraLogic Pharmaceuticals Corporation is a clinical-stage biopharmaceutical company. The Company is focused on discovering and developing small molecule therapeutics in oncology, infectious diseases and autoimmune diseases. The Company's segment is the identification and development of novel small molecule therapies in oncology and infectious diseases. The Company has approximately two clinical-stage product candidates in development, such as birinapant and SHAPE. SHAPE is the Company's histone deacetylase (HDAC) inhibitor that it is developing for topical use for the treatment of early-stage cutaneous T-cell lymphoma (CTCL). The Company is also exploring studying SHAPE in alopecia areata, an autoimmune skin disease. SHAPE has been granted the United States orphan drug designation for CTCL. Birinapant is a small molecule therapeutic that mimics Second Mitochondrial Activator of Caspases (SMAC)-mimetic, which leads to apoptosis or cell-death in damaged cells.

ServiceNow Inc. Stock Outperforms Market On Strong Trading Day

5:10 pm ET June 23, 2022 (MarketWatch) Print

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

Shares of ServiceNow Inc. NOW rallied 5.86% to $485.53 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.95% to 3,795.73 and the Dow Jones Industrial Average DJIA rising 0.64% to 30,677.36. This was the stock's fourth consecutive day of gains. ServiceNow Inc. closed $222.07 below its 52-week high ($707.60), which the company achieved on November 4th.

The stock outperformed some of its competitors Thursday, as Microsoft Corp. MSFT rose 2.26% to $258.86, Qualcomm Inc. QCOM fell 1.69% to $120.09, and International Business Machines Corp. IBM rose 0.99% to $138.44. Trading volume (1.4 M) remained 346,765 below its 50-day average volume of 1.8 M.

Data source: Dow Jones Market Data, FactSet. Data compiled June 23, 2022.

(END) Dow Jones Newswires

June 23, 2022 17:10 ET (21:10 GMT)