Chief Human Resources Officer of Organon & Co. (NYSE:OGN) purchased 5,500 shares, increasing ownership to 62,974 shares.
Organon is under investigation by multiple law firms for potential violations of federal securities laws following a 7% year-over-year revenue decline to $1.51 billion.
The stock price of OGN has seen significant fluctuation, with a current price of $8.93, reflecting a 2.19% decrease.
Organon & Co. (NYSE:OGN) is a pharmaceutical company that focuses on women’s health, biosimilars, and established brands. It was spun off from Merck & Co. in 2021. The company competes with other pharmaceutical giants like Pfizer and Johnson & Johnson. On May 7, 2025, Falcione Aaron, the Chief Human Resources Officer of OGN, purchased 5,500 shares of Common Stock at $8.77 each, increasing his total ownership to approximately 62,974 shares.
Despite this insider purchase, Organon is under scrutiny. Levi & Korsinsky has launched an investigation into potential violations of federal securities laws by Organon. This follows the company’s Q1 FY25 results, announced on May 1, 2025, which showed a 7% year-over-year revenue decline to $1.51 billion, missing market expectations. This has raised concerns among investors and legal experts.
Bronstein, Gewirtz & Grossman, LLC is also investigating Organon for potential claims. They are reaching out to investors who have purchased Organon securities, encouraging them to seek more information and participate in the investigation. This highlights the growing concern among investors about the company’s financial health and transparency.
Robbins Geller Rudman & Dowd LLP has joined the list of law firms investigating Organon for potential violations of U.S. federal securities laws. The focus is on whether Organon and its executives made false or misleading statements or failed to disclose important information. Investors who have suffered substantial losses are encouraged to assist in the investigation.
Currently, OGN’s stock is priced at $8.93, reflecting a 2.19% decrease with a $0.20 change. The stock has fluctuated between $8.53 and $9.16 today. Over the past year, it reached a high of $23.10 and a low of $8.05. OGN’s market capitalization is approximately $2.32 billion, with a trading volume of 4,289,304 shares on the NYSE.
