Bristol Myers Squibb Co. Stock Falls Wednesday, Underperforms Market

PPG Industries Inc

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Company profile

PPG Industries, Inc. manufactures and distributes a range of paints, coatings, and specialty materials. The Company operates through two segments: Performance Coatings and Industrial Coatings. The Performance Coatings segment primarily supplies a range of protective and decorative coatings, sealants and finishes along with pavement marking products, paint strippers, stains, and related chemicals, as well as transparencies and transparent armor. The Industrial Coatings segment primarily supplies a range of protective and decorative coatings and finishes along with adhesives, sealants, metal pretreatment products, optical monomers and coatings, low-friction coatings, precipitated silicas, and other specialty materials. Its Performance Coatings brands include PPG, GLIDDEN, COMEX, OLYMPIC, DULUX, SIGMA, HISTOR, SEIGNEURIE, PEINTURES GAUTHIER, and JOHNSTONE'S, among others. Its Industrial Coatings brands include PPG and TESLIN. It supplies its products to customers in an array of end-uses.

Bristol Myers Squibb Co. Stock Falls Wednesday, Underperforms Market

4:41 pm ET March 8, 2023 (MarketWatch) Print

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

Shares of Bristol Myers Squibb Co. (BMY) slipped 1.04% to $67.29 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.14% to 3,992.01 and the Dow Jones Industrial Average falling 0.18% to 32,798.40. This was the stock's third consecutive day of losses. Bristol Myers Squibb Co. closed $14.15 short of its 52-week high ($81.44), which the company achieved on December 1st.

The stock underperformed when compared to some of its competitors Wednesday, as Johnson & Johnson (JNJ) fell 0.73% to $152.96, Pfizer Inc. (PFE) fell 0.55% to $40.12, and Abbott Laboratories (ABT) fell 0.58% to $99.40. Trading volume (6.0 M) remained 1.9 million below its 50-day average volume of 7.8 M.

Data source: Dow Jones Market Data, FactSet. Data compiled March 8, 2023.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

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March 08, 2023 16:41 ET (21:41 GMT)