Corning Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Corning Inc. (GLW) slumped 0.55% to $34.42 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.16% to 3,991.05 and Dow Jones Industrial Average falling 0.26% to 33,045.09. This was the stock's second consecutive day of losses. Corning Inc. closed $6.95 short of its 52-week high ($41.37), which the company reached on February 23rd.
The stock underperformed when compared to some of its competitors Wednesday, as Thermo Fisher Scientific Inc. (TMO) fell 0.43% to $548.40 and Danaher Corp. (DHR) fell 0.27% to $250.11. Trading volume (2.7 M) remained 1.6 million below its 50-day average volume of 4.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 22, 2023.
(END) Dow Jones Newswires
February 22, 2023 16:57 ET (21:57 GMT)
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