Bristol Myers stock falls toward 6-month low, set to suffer longest losing streak in 3 1/2 years

Published: Sept. 16, 2021 astatine 12:54 p.m. ET

Shares of Bristol Myers Squibb Co. slumped 1.7% successful midday trading Thursday toward a six-month low, putting them connected way to endure the longest losing streak successful 3 1/2 years. The banal is headed for a ninth-straight loss, and has declined 7.8% during that stretch. The past clip it suffered a losing streak that agelong was the nine-day agelong ended April 23, 2018, erstwhile the banal fell 8.8%, according to information compiled by Dow Jones Market Data. The selloff comes arsenic Congress is moving connected the infrastructure bill, with Bernstein expert Ronny Gal saying the measure volition "very likely" see drug-cost provisions. Gal expects the...