3M Co. Stock Outperforms Competitors Despite Losses On The Day

Spectrum Pharmaceuticals Inc

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Health Care : Biotechnology | Small Cap Value

Company profile

Spectrum Pharmaceuticals, Inc. is a biopharmaceutical company. The Company is focused on acquiring, developing, and commercializing targeted oncology therapies. The Company's product portfolio consists of in-development drug products for the treatment of cancer patients. The Company's pipeline products include Eflapegrastim and Poziotinib. The Eflapegrastim is a long-acting granulocyte colony-stimulating factor (G-CSF) for chemotherapy-induced neutropenia. Poziotinib is a, pan-HER inhibitor that irreversibly blocks signaling through the Epidermal Growth Factor Receptor (EGFR) family of tyrosine-kinase receptors, including HER1 (erbB1; EGFR), HER2 (erbB2), HER4 (erbB4), and HER receptor mutations. The Eflapegrastim employs a LAPSCOVERY technology to enhance the duration of therapeutic effects and reduce the frequency of administration.

3M Co. Stock Outperforms Competitors Despite Losses On The Day

4:32 pm ET November 9, 2022 (MarketWatch) Print

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

Shares of 3M Co. (MMM) shed 1.21% to $123.83 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 2.08% to 3,748.57 and Dow Jones Industrial Average falling 1.95% to 32,513.94. 3M Co. closed $62.47 short of its 52-week high ($186.30), which the company reached on November 12th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Illinois Tool Works Inc. (ITW) fell 1.43% to $211.62, General Electric Co. (GE) fell 1.01% to $83.15, and Danaher Corp. (DHR) fell 2.40% to $246.95. Trading volume (1.8 M) remained 6.1 million below its 50-day average volume of 7.9 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 9, 2022.

(END) Dow Jones Newswires

November 09, 2022 16:32 ET (21:32 GMT)