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Updated · MarketWatch · Apr 29Bristol Myers Squibb Co. stock falls 1.15% in rough trading session
16 articles · Updated · MarketWatch · Apr 29
- Shares closed at $57.59 on Wednesday, ending 8.42% below their 52-week high of $62.89 set in March.
- The decline outpaced competitors, with Johnson & Johnson, Pfizer, and Abbott Laboratories also posting losses but to a lesser extent.
- The drop occurred during a broadly negative market session, as the S&P 500 and Dow Jones Industrial Average both recorded declines.
As BMY's stock lags, is it a value trap or a hidden buying opportunity? With key patents expiring, can BMY's pipeline prevent a revenue collapse? Can a single new mental health drug justify BMY's $14 billion acquisition? How will BMY's $2 billion cost-cutting plan impact its search for new cures? Will government price controls crush BMY's top drug before its patent even ends?