Bristol Myers Squibb (BMY) Stock Drops Despite Market Gains: Important Facts to Note

Bristol Myers Squibb (BMY) closed at $49.57 in the latest trading session, marking a -1.08% move from the prior day. This change lagged the S&P 500's 0.22% gain on the day. Meanwhile, the Dow experienced a rise of 0.36%, and the technology-dominated Nasdaq saw an increase of 0.32%.Shares of the biopharmaceutical company have depreciated by 4.17% over the course of the past month, underperforming the Medical sector's gain of 2.3% and the S&P 500's gain of 1.61%.The upcoming earnings release of Bristol Myers ...