Raytheon Technologies Corp. Stock Falls Wednesday, Underperforms Market

Harpoon Therapeutics Inc

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Health Care : Biotechnology | Small Cap Value

Company profile

Harpoon Therapeutics, Inc. is a clinical-stage immunotherapy company. The Company is engaged in the developing a T cell engager that harness the power of the body’s immune system to treat patients suffering from cancer and other diseases. It is developing a pipeline of T cell engagers using its TriTACs, focused on the treatment of solid tumors and hematologic malignancies. It has also nominated its clinical candidate using its ProTriTAC platform, a prodrug version of its TriTAC platform, designed to expand the target space for T cell engagers and bring the benefits of TriTACs to the patients. The Company’s TriTAC product candidates include HPN328, HPN217 and HPN536. The Company’s ProTriTAC product candidate include HPN601. T cell engagers are engineered proteins that direct a patient’s own T cells to kill target cells that express specific proteins, or antigens, carried by the target cells.

Raytheon Technologies Corp. Stock Falls Wednesday, Underperforms Market

5:23 pm ET January 18, 2023 (MarketWatch) Print

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

Shares of Raytheon Technologies Corp. (RTX) shed 2.73% to $95.74 Wednesday, on what proved to be an all-around dismal 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 third consecutive day of losses. Raytheon Technologies Corp. closed $10.28 below its 52-week high ($106.02), which the company reached on April 21st.

The stock underperformed when compared to some of its competitors Wednesday, as Boeing Co. (BA) fell 0.95% to $209.41. Trading volume (5.3 M) eclipsed its 50-day average volume of 4.2 M.

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

(END) Dow Jones Newswires

January 18, 2023 17:23 ET (22:23 GMT)