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Shares of Corning Inc. (GLW) shed 3.11% to $34.88 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.65% to 3,935.18 and Dow Jones Industrial Average falling 1.02% to 31,834.11. Corning Inc. closed $10.00 below its 52-week high ($44.88), which the company reached on May 12th.
The stock underperformed when compared to some of its competitors Wednesday, as Thermo Fisher Scientific Inc. (TMO) fell 1.18% to $520.00, 3M Co. (MMM) fell 1.82% to $146.41, and TE Connectivity Ltd. (TEL) fell 2.24% to $122.02. Trading volume (5.5 M) eclipsed its 50-day average volume of 5.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 11, 2022.
(END) Dow Jones Newswires
May 11, 2022 16:55 ET (20:55 GMT)
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