W.W. Grainger Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains

Ocugen Inc

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Health Care : Biotechnology | Small Cap Growth

Company profile

Ocugen, Inc. is a biopharmaceutical company focused on developing gene therapies to cure blindness diseases and developing vaccine for COVID-19. The Company's technology pipeline includes: COVID-19 Vaccine (0.5), Modifier Gene Therapy Platform and Novel Biologic Therapies for Retinal Diseases. COVID-19 Vaccine candidate is focused on developing, manufacturing and commercializing COVAXIN for the prevention of COVID-19 in humans in the Ocugen Covaxin Territory. COVAXIN is a whole-virion inactivated COVID-19 vaccine candidate and is formulated with the inactivated SARS-CoV-2 virus. The Modifier Gene Therapy platform is designed for retinal diseases, including retinitis pigmentosa (RP), leber congenital amaurosis (LCA) and dry age-related macular degeneration (AMD). It is developing OCU200, a biologic product candidate to treat diabetic macular edema (DME), diabetic retinopathy (DR) and wet AMD. OCU400, its first product candidate being developed with its modifier gene therapy platform.

W.W. Grainger Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains

4:59 pm ET January 11, 2023 (MarketWatch) Print

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

Shares of W.W. Grainger Inc. (GWW) rose 3.26% to $582.28 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.28% to 3,969.61 and the Dow Jones Industrial Average rising 0.80% to 33,973.01. This was the stock's fourth consecutive day of gains. W.W. Grainger Inc. closed $29.78 short of its 52-week high ($612.06), which the company achieved on November 10th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Amazon.com Inc. (AMZN) rose 5.81% to $95.09, Home Depot Inc. (HD) rose 2.61% to $329.00, and Lowe's Cos. (LOW) rose 3.57% to $208.59. Trading volume (349,836) eclipsed its 50-day average volume of 299,456.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 11, 2023.

(END) Dow Jones Newswires

January 11, 2023 16:59 ET (21:59 GMT)