AbbVie Inc. Stock Falls Thursday, Underperforms Market

CAE Inc

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Industrials : Aerospace & Defense | Mid Cap Growth
Based in Canada

Company profile

CAE Inc. is a Canada-based technology company. The Company operates through three segments: Civil Aviation, Defense and Security, and Healthcare. The Civil Aviation training segment provides comprehensive training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a complete range of flight simulation training devices, ab initio pilot training and crew sourcing services, as well as end-to-end digitally enabled crew management, training operations solutions and optimization software. The defense and Security segment provides training and simulation pure play focusing on ensuring mission readiness by integrating systems and solutions across all five domains for government organizations responsible for public safety. Healthcare segment provides healthcare students and clinical professionals innovative, integrated and virtual education and training solutions, including interventional and imaging simulations and curricular.

AbbVie Inc. Stock Falls Thursday, Underperforms Market

4:33 pm ET January 26, 2023 (MarketWatch) Print

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

Shares of AbbVie Inc. (ABBV) slumped 0.26% to $147.40 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.10% to 4,060.43 and the Dow Jones Industrial Average rising 0.61% to 33,949.41. AbbVie Inc. closed $28.51 short of its 52-week high ($175.91), which the company reached on April 8th.

Despite its losses, the stock outperformed some of its competitors Thursday, as Johnson & Johnson (JNJ) fell 0.37% to $168.89 and Pfizer Inc. (PFE) fell 0.92% to $44.25. Trading volume (4.5 M) remained 1.0 million below its 50-day average volume of 5.5 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 26, 2023.

(END) Dow Jones Newswires

January 26, 2023 16:33 ET (21:33 GMT)