Corning Inc. Stock Underperforms Friday When Compared To Competitors

Molson Coors Beverage Co

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Consumer Staples : Beverages | Mid Cap Value

Company profile

Molson Coors Beverage Company is a holding company. It is engaged in brewing beverages. The Company operates through two segments: Americas and EMEA&APAC. The Americas segment consists of the production, marketing, and sales of its brands and other owned and licensed brands in the United States, Canada, and various countries in Latin and South America. It also has contract brewing agreements to brew, package and ship products. The EMEA&APAC segment consists of the production, marketing, and sales of its brands as well as several smaller regional brands in the United Kingdom, Central Europe, and various other European countries, along with certain countries within the Middle East, Africa, and the Asia Pacific. It also has licensing agreements and distribution agreements with various other brewers. The Company's brands include Blue Moon, Carling, Coors Banquet, Coors Light, Miller Lite, Leinenkugel’s Summer Shandy, Creemore Springs, Hop Valley and more.

Corning Inc. Stock Underperforms Friday When Compared To Competitors

4:55 pm ET June 10, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Corning Inc. (GLW) shed 2.86% to $33.28 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 2.91% to 3,900.86 and Dow Jones Industrial Average falling 2.73% to 31,392.79. This was the stock's fourth consecutive day of losses. Corning Inc. closed $10.19 below its 52-week high ($43.47), which the company achieved on February 10th.

The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Thermo Fisher Scientific Inc. (TMO) fell 2.40% to $526.88, 3M Co. (MMM) fell 4.53% to $137.65, and TE Connectivity Ltd. (TEL) fell 3.45% to $123.38. Trading volume (4.0 M) remained 1.1 million below its 50-day average volume of 5.1 M.

Data source: Dow Jones Market Data, FactSet. Data compiled June 10, 2022.

(END) Dow Jones Newswires

June 10, 2022 16:55 ET (20:55 GMT)