Apple Inc. Stock Remains Steady Tuesday, Still Outperforms Market

Organon & Co

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OGN Organon & Co

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Health Care : Pharmaceuticals | Small Cap Value

Company profile

Organon & Co. (Organon) is a global healthcare company. The Company is engaged in developing and delivering health solutions through a portfolio of prescription therapies and medical devices within women's health, biosimilars and established brands (Organon Products). Organon has a portfolio of contraception and fertility brands, such as Nexplanon or Implanon NXT, NuvaRing, Follistim AQ, and Elonva. The Company’s Biosimilars portfolio spans immunology and oncology treatments. It also has a portfolio of established brands, including brands in cardiovascular, respiratory, dermatology and non-opioid pain management. The Company sells these products through various channels, including drug wholesalers and retailers, hospitals, government agencies and managed healthcare providers, such as health maintenance organizations, pharmacy benefit managers and other institutions. It operates its manufacturing facilities in Belgium, Brazil, Indonesia, Mexico, the Netherlands and the United Kingdom.

Apple Inc. Stock Remains Steady Tuesday, Still Outperforms Market

4:32 pm ET May 16, 2023 (MarketWatch) Print

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

Shares of Apple Inc. (AAPL) were unchanged Tuesday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index falling 0.18% to 12,343.05 and Dow Jones Industrial Average falling 1.01% to 33,012.14.

Apple Inc. closed $4.08 below its 52-week high ($176.15), which the company reached on August 17th.

The stock underperformed when compared to some of its competitors Tuesday, as Microsoft Corp. (MSFT) rose 0.74% to $311.74, Alphabet Inc. Cl C (GOOGL) rose 2.68% to $120.09, and Alphabet Inc. Cl A (GOOGL) rose 2.57% to $119.51.

Trading volume (42.0 M) remained 17.2 million below its 50-day average volume of 59.2 M.

Data source: Dow Jones Market Data, FactSet. Data compiled May 16, 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.

(END) Dow Jones Newswires

May 16, 2023 16:32 ET (20:32 GMT)