10 Firms Defy Market’s Bullish Momentum

4. Viatris Inc. (NASDAQ:VTRS)

Viatris Inc. (VTRS), an American global pharmaceutical and healthcare company, registered a 2.82-percent drop in its share prices on Wednesday to end at $11.39 per share as investors sold off positions following analyst remarks that the company already entered the oversold territory. The news further dampened investor sentiment.

Viatris’ (VTRS) shares dropped by 4.92 percent in the past week alone, by 9.10 percent during the past month, by 3.06 percent over the past year, and by a whopping 47.41 percent in the past five years alone.

In other news, Viatris (VTRS) recently announced that it was set to shutter its pharmaceutical manufacturing plant in Little Island, County Cork by 2028. The plant, which currently employs around 200 people, manufactures active pharmaceutical ingredients and medicines.