Omnicom Group Inc. Stock Outperforms Competitors Despite Losses On The Day

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.

Omnicom Group Inc. Stock Outperforms Competitors Despite Losses On The Day

5:15 pm ET January 18, 2023 (MarketWatch) Print

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

Shares of Omnicom Group Inc. (OMC) slid 1.31% to $82.58 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.56% to 3,928.86 and Dow Jones Industrial Average falling 1.81% to 33,296.96. This was the stock's fifth consecutive day of losses. Omnicom Group Inc. closed $9.03 short of its 52-week high ($91.61), which the company reached on February 10th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Trade Desk Inc. Cl A (TTD) fell 2.95% to $45.68 and Gartner Inc. (IT) fell 0.99% to $330.60. Trading volume (1.3 M) remained 156,091 below its 50-day average volume of 1.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 18, 2023.

(END) Dow Jones Newswires

January 18, 2023 17:15 ET (22:15 GMT)