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Shares of Corning Inc. (GLW) slipped 6.14% to $34.06 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 4.04% to 3,923.68 and Dow Jones Industrial Average falling 3.57% to 31,490.07. Corning Inc. closed $10.24 below its 52-week high ($44.30), which the company reached on May 24th.
The stock underperformed when compared to some of its competitors Wednesday, as Thermo Fisher Scientific Inc. (TMO) fell 2.24% to $542.17, 3M Co. (MMM) fell 2.24% to $148.93, and TE Connectivity Ltd. (TEL) fell 5.28% to $122.32. Trading volume (7.8 M) eclipsed its 50-day average volume of 5.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 18, 2022.
(END) Dow Jones Newswires
May 18, 2022 16:55 ET (20:55 GMT)
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