Broadcom Inc. Stock Underperforms Friday When Compared To Competitors

Tricida Inc

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Health Care : Pharmaceuticals | Small Cap Value

Company profile

Tricida, Inc. is a pharmaceutical company, which is focused on the development and commercialization of its investigational drug candidate, veverimer (TRC101). TRC101, is a non-absorbed, orally administered polymer designed to treat metabolic acidosis by binding and removing acid from the gastrointestinal (GI), tract. Its Veverimer, is a low-swelling, spherical polymer bead that is approximately 100 micrometers in diameter, which is a single, molecular weight, crosslinked polyamine molecule. It is conducting renal outcomes clinical trial, VALOR-CKD (TRCA-303), to determine if veverimer slows CKD progression in patients with metabolic acidosis associated with CKD. The Company's VALOR-CKD trial is a randomized, double-blind, placebo-controlled, time-to-event trial.

Broadcom Inc. Stock Underperforms Friday When Compared To Competitors

4:40 pm ET December 2, 2022 (MarketWatch) Print

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

Shares of Broadcom Inc. (AVGO) slipped 1.81% to $540.80 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.10% to 34,429.88 and the S&P 500 Index falling 0.12% to 4,071.70. This was the stock's second consecutive day of losses. Broadcom Inc. closed $136.96 below its 52-week high ($677.76), which the company achieved on December 28th.

The stock underperformed when compared to some of its competitors Friday, as NVIDIA Corp. (NVDA) fell 1.51% to $168.76. Trading volume (1.9 M) remained 370,116 below its 50-day average volume of 2.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 2, 2022.

(END) Dow Jones Newswires

December 02, 2022 16:40 ET (21:40 GMT)