Corning Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Corning Inc. (GLW) shed 1.25% to $33.95 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.85% to 3,918.32 and Dow Jones Industrial Average falling 1.66% to 32,254.86. This was the stock's third consecutive day of losses. Corning Inc. closed $4.76 short of its 52-week high ($38.71), which the company achieved on March 25th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Thermo Fisher Scientific Inc. (TMO) fell 0.28% to $553.21 and Danaher Corp. (DHR) fell 1.67% to $243.63. Trading volume (3.4 M) remained 910,172 below its 50-day average volume of 4.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 9, 2023.
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March 09, 2023 16:57 ET (21:57 GMT)
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