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We recently published a list of These 10 Firms Are On Fire Today. In this article, we are going to take a look at where Organon & Co.’s (NYSE:OGN) stands against other stocks that surged yesterday.
Wall Street’s main indices were a mixed bag anew on Thursday, with the tech-heavy Nasdaq the sole loser, as investors continued to digest results of more corporate earnings and key economic data.
The Nasdaq was down by 0.18 percent. In contrast, the Dow Jones grew by 0.65 percent while the S&P 500 rose by 0.41 percent.
Beyond the major indices, 10 companies finished stronger on the back of impressive corporate earnings and planned mergers and acquisitions. In this article, we explore the specific reasons behind their surge.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.
A pharmacist wearing a white lab coat and a face mask dispenses biosimilars at a pharmacy.
Organon & Co. (NYSE:OGN)
Organon & Co. saw its share prices increase by 9.08 percent on Thursday to close at $8.77 apiece following news that it partnered with the Abu Dhabi Public Health Centre to enhance women’s health.
In a statement, the Abu Dhabi Public Health Centre said both entities will join forces to enhance women’s health by focusing on key areas of intervention and addressing critical health challenges such as a healthy pregnancy, exchanging of knowledge and expertise in cardiovascular, reproductive, and maternal health, as well as improving healthcare.
In the first quarter of the year, Organon & Co.’s (NYSE:OGN) net income declined by 57 percent to $87 million from $201 million in the same period last year, while revenues dipped by 7 percent to $1.5 billion from $1.6 billion year-on-year.
The company also maintained its full-year 2025 revenue guidance, at a range of $6.125 billion to $6.325 billion.
Overall, OGN ranks 4th on our list of stocks that surged last week. While we acknowledge the potential of OGN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than OGN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.