Published on 16 Nov 2022 on Market Watch
TherapeuticsMD Inc. stock falls Tuesday, underperforms market
Shares of TherapeuticsMD Inc. slipped 8.20% to $5.93 Tuesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 1.45% to 11,358.41 and the Dow Jones Industrial Average rising 0.17% to 33,592.92. This was the stock's second consecutive day of losses. TherapeuticsMD Inc. closed $25.07 below its 52-week high ($31.00), which the company reached on November 22nd.
The stock underperformed when compared to some of its competitors Tuesday, as Johnson & Johnson rose 0.28% to $172.39, Merck & Co. Inc. fell 0.75% to $99.60, and Novartis AG ADR rose 0.46% to $83.83. Trading volume (125,834) eclipsed its 50-day average volume of 65,481.