Organon, Howmet Aerospace And More: CNBC's 'Final Trades' - Organon (NYSE:OGN)

On CNBC's “Halftime Report Final Trades,” Stephen Weiss of Short Hills Capital Partners named ProShares Short QQQ (NYSE:PSQ) as his final trade.

Jenny Van Leeuwen Harrington of Gilman Hill Asset Management said Organon & Co. (NYSE:OGN) is back to 6% dividend yield.

On Sept. 18, Organon agreed to acquire Roivant Sciences Ltd's (NASDAQ:ROIV) Dermavant Sciences Ltd, which is focused on developing and commercializing therapeutics in immunodermatology. Dermavant's novel product, Vtama (tapinarof) cream, 1%, for the topical treatment of mild, moderate, and severe plaque psoriasis in adults, was approved by the FDA in May 2022. Vtama cream is a once-daily, steroid-free, topical therapy applied to affected areas.

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Joseph M. Terranova of Virtus Investment Partners picked Howmet Aerospace Inc. (NYSE:HWM), an industrial name.

On July 30, Howmet Aerospace reported better-than-expected second-quarter FY24 financial results. The Board of Directors declared a dividend of 8 cents per share, payable on Aug. 26 to shareholders of record as of Aug. 9. Howmet Aerospace increased its revenue outlook to $7.40 billion-$7.48 billion (from $7.225 billion-$7.375 billion) versus the consensus of $7.33 billion and adjusted EPS to $2.53-$2.57 (from $2.31-$2.39) vs. the consensus of $2.39.

Price Action:

ProShares Short QQQ slipped 0.1% during Wednesday's session.
Organon shares fell 1.3% to settle at $18.58 on Wednesday.
Howmet Aerospace shares gained 0.4% to close at $101.29 during Wednesday's session.

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OGNOrganon & Co

$13.39-0.29%

Overview

HWMHowmet Aerospace Inc

$256.55-%

PSQProShares Short QQQ

$26.050.15%

ROIVRoivant Sciences Ltd

$29.96-%

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