DJ Biogen Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Biogen Inc. $(BIIB)$ slipped 2.07% to $140.49 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.01% to 5,956.06 and the Dow Jones Industrial Average falling 0.43% to 43,433.12.
The stock's fall snapped a five-day winning streak.
Biogen Inc. closed 40.97% short of its 52-week high of $238.00, which the company reached on July 12th.
The stock underperformed when compared to some of its competitors Wednesday, as Johnson & Johnson $(JNJ)$ fell 1.81% to $163.08, Pfizer Inc. $(PFE)$ fell 1.20% to $26.42, and AbbVie Inc. $(ABBV)$ fell 0.55% to $203.01.
Trading volume (1.3 M) remained 190,232 below its 50-day average volume of 1.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 26, 2025.
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February 26, 2025 17:09 ET (22:09 GMT)
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