Corning Inc. Stock Falls Thursday, Underperforms Market
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Shares of Corning Inc. (GLW) slid 4.36% to $34.26 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 2.38% to 4,017.82 and Dow Jones Industrial Average falling 1.94% to 32,272.79. This was the stock's third consecutive day of losses. Corning Inc. closed $9.22 below its 52-week high ($43.48), which the company reached on June 10th.
The stock underperformed when compared to some of its competitors Thursday, as Thermo Fisher Scientific Inc. (TMO) fell 2.22% to $539.82, 3M Co. (MMM) fell 0.85% to $144.18, and TE Connectivity Ltd. (TEL) fell 2.30% to $127.79. Trading volume (5.4 M) eclipsed its 50-day average volume of 5.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 9, 2022.
(END) Dow Jones Newswires
June 09, 2022 16:55 ET (20:55 GMT)
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