Omnicom Group Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains

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 Underperforms Wednesday When Compared To Competitors Despite Daily Gains

5:15 pm ET February 1, 2023 (MarketWatch) Print

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

Shares of Omnicom Group Inc. (OMC) rose 1.91% to $87.63 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.05% to 4,119.21 and the Dow Jones Industrial Average rising 0.02% to 34,092.96. This was the stock's second consecutive day of gains. Omnicom Group Inc. closed $3.98 below its 52-week high ($91.61), which the company achieved on February 10th.

The stock underperformed when compared to some of its competitors Wednesday, as Trade Desk Inc. Cl A (TTD) rose 3.18% to $52.31 and Gartner Inc. (IT) rose 2.70% to $347.28. Trading volume (2.2 M) eclipsed its 50-day average volume of 1.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled February 1, 2023.

(END) Dow Jones Newswires

February 01, 2023 17:15 ET (22:15 GMT)