Corning Inc. Stock Falls Monday, Underperforms Market
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Shares of Corning Inc. (GLW) shed 4.03% to $31.94 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 3.88% to 3,749.63 and Dow Jones Industrial Average falling 2.79% to 30,516.74. This was the stock's fifth consecutive day of losses. Corning Inc. closed $11.53 below its 52-week high ($43.47), which the company achieved on February 10th.
The stock underperformed when compared to some of its competitors Monday, as Thermo Fisher Scientific Inc. (TMO) fell 2.84% to $511.91, 3M Co. (MMM) fell 0.93% to $136.37, and TE Connectivity Ltd. (TEL) fell 3.93% to $118.53. Trading volume (5.1 M) eclipsed its 50-day average volume of 5.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 13, 2022.
(END) Dow Jones Newswires
June 13, 2022 16:55 ET (20:55 GMT)
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