Valero Energy Corp. Stock Rises Thursday, Still Underperforms Market

Apellis Pharmaceuticals Inc

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Health Care : Biotechnology | Small Cap Growth

Company profile

Apellis Pharmaceuticals, Inc. is a commercial-stage biopharmaceutical company that is focused on developing therapeutic compounds to treat disease through the inhibition of the complement system. The Company is developing pegcetacoplan with Sobi for systemic administration in several indications, including paroxysmal nocturnal hemoglobinuria, C3 glomerulopathy, immune complex membranoproliferative glomerulonephritis, amyotrophic lateral sclerosis, cold agglutinin disease, and hematopoietic stem cell transplantation thrombotic microangiopathy. The Company's advanced clinical programs targeting component 3 with Phase III clinical trials of its lead product candidate, pegcetacoplan, in multiple indications. Pegcetacoplan is a conjugate of a compstatin analogue, formulated both for ophthalmological administration by injections directly into the eye, and systemic administration by subcutaneous injection, which is an injection into the tissue under the skin.

Valero Energy Corp. Stock Rises Thursday, Still Underperforms Market

5:29 pm ET November 10, 2022 (MarketWatch) Print

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

Shares of Valero Energy Corp. (VLO) advanced 3.48% to $132.45 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 5.54% to 3,956.37 and the Dow Jones Industrial Average rising 3.70% to 33,715.37. Valero Energy Corp. closed $14.36 below its 52-week high ($146.81), which the company achieved on June 8th.

The stock outperformed some of its competitors Thursday, as Phillips 66 (PSX) rose 2.07% to $106.24 and Marathon Petroleum Corp. (MPC) rose 2.87% to $119.18. Trading volume (2.9 M) remained 1.1 million below its 50-day average volume of 4.0 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 10, 2022.

(END) Dow Jones Newswires

November 10, 2022 17:29 ET (22:29 GMT)