Corning Inc. Stock Falls Friday, Underperforms Market
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Shares of Corning Inc. (GLW) shed 1.16% to $33.13 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.01% to 3,901.36 and the Dow Jones Industrial Average rising 0.03% to 31,261.90. This was the stock's third consecutive day of losses. Corning Inc. closed $11.17 below its 52-week high ($44.30), which the company reached on May 24th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Thermo Fisher Scientific Inc. (TMO) rose 0.80% to $555.15, 3M Co. (MMM) fell 2.13% to $143.83, and TE Connectivity Ltd. (TEL) remained unchanged. Trading volume (6.0 M) eclipsed its 50-day average volume of 5.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 20, 2022.
(END) Dow Jones Newswires
May 20, 2022 16:55 ET (20:55 GMT)
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