Corning Inc. Stock Rises Friday, Still Underperforms Market
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Shares of Corning Inc. (GLW) rose 2.00% to $35.65 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 2.47% to 4,158.24 and the Dow Jones Industrial Average rising 1.76% to 33,212.96. This was the stock's third consecutive day of gains. Corning Inc. closed $8.47 below its 52-week high ($44.12), which the company reached on June 1st.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Thermo Fisher Scientific Inc. (TMO) rose 5.97% to $572.35, 3M Co. (MMM) rose 1.68% to $149.51, and TE Connectivity Ltd. (TEL) rose 3.72% to $129.49. Trading volume (4.3 M) remained 1.0 million below its 50-day average volume of 5.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 27, 2022.
(END) Dow Jones Newswires
May 27, 2022 16:55 ET (20:55 GMT)
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