Corning Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Corning Inc. (GLW) slipped 2.90% to $34.44 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.53% to 3,986.37 and Dow Jones Industrial Average falling 1.72% to 32,856.46. The stock's fall snapped a four-day winning streak. Corning Inc. closed $4.27 below its 52-week high ($38.71), which the company reached on March 25th.
The stock underperformed when compared to some of its competitors Tuesday, as Thermo Fisher Scientific Inc. (TMO) fell 1.73% to $548.83 and Danaher Corp. (DHR) fell 1.84% to $245.25. Trading volume (5.7 M) eclipsed its 50-day average volume of 4.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 7, 2023.
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March 07, 2023 16:58 ET (21:58 GMT)
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