W.W. Grainger Inc. Stock Underperforms Wednesday When Compared To Competitors

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

4:58 pm ET January 25, 2023 (MarketWatch) Print

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

Shares of W.W. Grainger Inc. (GWW) shed 1.92% to $559.85 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.03% to 33,743.84 and the S&P 500 Index falling 0.02% to 4,016.22. The stock's fall snapped a three-day winning streak. W.W. Grainger Inc. closed $52.21 below its 52-week high ($612.06), which the company reached on November 10th.

The stock underperformed when compared to some of its competitors Wednesday, as Amazon.com Inc. (AMZN) rose 0.89% to $97.18, Home Depot Inc. (HD) fell 0.14% to $317.26, and Lowe's Cos. (LOW) fell 0.15% to $206.11. Trading volume (217,234) remained 64,457 below its 50-day average volume of 281,691.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 25, 2023.

(END) Dow Jones Newswires

January 25, 2023 16:58 ET (21:58 GMT)