Novavax Inc. Stock Falls Thursday, Underperforms Market

Wesco International Inc

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Industrials : Trading Companies & Distributors | Mid Cap Blend

Company profile

WESCO International, Inc. is a provider of business-to-business distribution, logistics services and supply chain solutions. The Company conducts its business through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS) and Utility & Broadband Solutions (UBS). The EES segment supplies a range of products and solutions primarily to the construction, industrial and original equipment manufacturer (OEM) markets. Its EES segment supplies various products, including electrical equipment and supplies, automation and connected devices (the Internet of Things), security, lighting, wire and cable, safety, and maintenance, repair and operating (MRO) products. Its CSS segment operates in the network infrastructure and security markets. The UBS segment provides products and services to investor-owned utilities, public power companies, including municipalities, as well as global service providers, wireless providers and broadband operators.

Novavax Inc. Stock Falls Thursday, Underperforms Market

5:14 pm ET January 19, 2023 (MarketWatch) Print

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

Shares of Novavax Inc. (NVAX) slid 6.89% to $11.62 Thursday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 0.96% to 10,852.27 and Dow Jones Industrial Average falling 0.76% to 33,044.56. The stock's fall snapped a three-day winning streak. Novavax Inc. closed $89.77 short of its 52-week high ($101.39), which the company reached on February 7th.

The stock underperformed when compared to some of its competitors Thursday, as Johnson & Johnson (JNJ) fell 0.14% to $169.53, Pfizer Inc. (PFE) fell 0.09% to $44.96, and Merck & Co. Inc. (MRK) rose 1.02% to $109.90. Trading volume (6.1 M) remained 886,799 below its 50-day average volume of 7.0 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 19, 2023.

(END) Dow Jones Newswires

January 19, 2023 17:14 ET (22:14 GMT)